Toronto stocks closed slightly lower on Friday in a lightly traded session ahead of the Victoria Day long weekend. The S&P/TSX composite index finished down 17.59 points, or 0.19%, at 9,452.19.

The TSX ended the week up 173.74 points as energy and tech stocks rebounded.

Five of the TSX’s 10 groups ended lower Friday, led by energy stocks. The energy group slipped 0.81% as crude oil futures dipped slightly on word that OPEC would not need to trim output at its next meeting in June. Crude prices settled above US$48 a barrel.

Materials were off 0.61%, while its gold mining subgroup fell 0.56%. Gold prices finished at their lowest level since early February, hit by a U.S. dollar that spiked to seven-month highs against the euro.

Bullion closed around US$417.70 an ounce.

Barrick Gold, one of the world’s biggest gold producers, slid 45¢, or 1.62%, to $27.30.

Consumer discretionaries posted the biggest gain, up 0.89%.

The junior S&P/TSX Venture composite index rose 5.43 points, or 0.34%, to end the week at 1,603.53.

The Canadian dollar declined 0.40 of a cent to US78.98¢ after tame inflation data sent the message that interest-rate hikes are unlikely in the near future.

Statistics Canada said the annual inflation rate rose to 2.4% in April, from 2.3% in March, boosted by gasoline prices. But the core rate came in at 1.7%, down from 1.9% in March.

On Wall Street, U.S. stocks ended little changed on Fri after posting the best week since November.

The Dow Jones industrial average was down 21.28 points, or 0.20%, to end at 10,471.91 and the S&P 500 index was down 1.80 points, or 0.15%, to finish at 1,189.28.

The technology-laced Nasdaq Composite Index was up 3.84 points, or 0.19%, to close at 2,046.42. Nasdaq ended higher for the sixth session in a row, its best winning streak in six months.

For the week, the Dow climbed 3.27%, the S&P 500 rose 3.05%, and Nasdaq was up 3.5%.