Toronto stocks finished lower Monday, as a weak day in the financials and materials sector dragged down the market.

The S&P/TSX composite index fell 27.59 points, or 0.20%, to 13,637.12.

Half of the 10 TSX main sub-groups finished lower.

The energy index gained 0.20%. Light, sweet crude oil futures shot up $1.78 to close at US$65.89 a barrel on geopolitical worries.

EnCana Corp. lost 6¢, or 0.10%, to US$60.04.

The materials sector gained 0.54%, while the gold sub-index fell 1.40%.

Gold futures fell $1.60 to close at US$694.20 an ounce.

Novogold Inc. lost 89¢, or 4.90%, to $17.26.

Financials fell 0.65%. Manulife Financial lost 45¢, or 1.10%, to $40.33.

The junior S&P/TSX Venture composite index slipped 9.58 points, or 0.28%, to 3,351.83.

The Canadian dollar closed up 0.03 of a cent at US89.08¢, a day before the Bank of Canada makes its next scheduled announcement on interest rates.

In New York, markets finished lower as investor elected to lock in gains made last week.

The Dow Jones industrial average fell 42.58 points, or 0.33%, to 12,919.40, the Nasdaq composite index dipped 2.72, or 0.11%, to 2,523.67, the S&P 500 lost 3.42, or 0.23%, to 1,480.93.