Toronto stocks ended lower Wednesday, as a pullback in resource issues served to weigh the senior exchange down.

The S&P/TSX composite index lost 41.63 points, or 0.37%, to 11,095.81 on the session

Volume was 280 million shares.

Half of the 10 TSX main groups were down, with the energy sector losing 0.50%.

Light, sweet crude for February delivery ended down 52¢ at US$60.85 a barrel on mixed reports about crude and distilate supplies.

EnCana Corp. dropped $1.26, or 2.14%, to $57.74.

The materials sector shed 2.15%.

Gold for February delivery was down $14.60 at US$507.30 an ounce as investors sold off the metal’s recent record-breaking gains.

Bema Gold Corp. lost 9¢, or 2.84%, to $3.08.

The telecommunications sector was the biggest advancer on the session, moving up 1.35%.

BCE Inc. gained 34¢, or 1.27%, to $27.10.

In economic news, Statistics Canada said shipments by the manufacturing sector increased 0.9% to $52 billion in October, besting expectations.


The S&P/TSX Venture composite index finished down 12.10 points, or 0.56%, to 2,129.53.

In New York, markets rallied in the aftermath of the U.S. Federal Reserve’s suggestions yesterday that it may be done raising rates. However, negative guidance for Apple Computer led to a drop in tech stocks.

The Dow Jones industrial average rose 59.79 points, or 0.55%, to 10,883.51, and the broadly based S&P 500 index rose 5.31, or 0.42%, to 1,272.74, hitting a four-year high.

The tech-heavy Nasdaq composite index, meanwhile, fell 2.41, or 0.11%, to 2,262.59.