Toronto stocks were down Monday, the second consecutive negative session, as the market was weighed down by weakness in the energy sector.

The S&P/TSX composite index fell 43.41, or 0.33%, to 13.040.54 as the market retreated further from an all-high set last week.

Six of the 10 TSX main sub-groups were down, with the energy group giving up 1.11%.

Light, sweet crude futures fell $2.08, or 3.5%, to close at US$57.81 a barrel on the New York Mercantile Exchange.

The materials sector fell back 0.20%, while the gold index dropped 0.95%.

Gold futures fell $5 to close at US$667.30 an ounce.

The financials sector ended virtually flat, dropping a mere 0.02%.

CI Financial announced they had made a friendly takeover bid of Rockwater Capital Corp. for $250 million. CI Financial units gained 20¢, or 0.77%, to $26.30, while Rockwater Capital gained 18¢, or 2.43%, to $7.58.

In other M&A news, uranium miner Sxr Uranium One Inc. and UrAsia Energy have agreed to merger, in a $3.4 billion all-stock deal that will create a major global uranium player.

The S&P/TSX Venture composite index moved up 6.66 points, or 0.22%, to 3,004.39.

In New York, markets fell as investors nervously awaited the U.S. Federal Reserve’s interest rate decision announcement later this week.

The Dow Jones industrial average fell 28.28 points at 12,552.55, the S&P 500 index lost 4.69 points to 1,433.37, while the Nasdaq Composite gave up 9.44 points to 2,450.38.