Toronto stocks finished lower on Thursday for a second straight session, as slumping mining shares offset strength from news of a big Russian investment in autoparts maker Magna International.

The S&P/TSX composite index closed down 42.03 points, or 0.3%, at 13,853.13.

Six of the 10 TSX main groups were lower, led by a 0.9% slump in the resource-heavy materials issues.

Shares of Lundin Mining slipped 83¢, or 5.7%, to $13.75, while Inmet Mining shed $2.01, or 2.7%, to $73.80.

Gold stocks also fell the June bullion contract on the Nymex dropped $15.50 to US$667 an ounce, taking the gold sector down 2.17%.

Barrick Gold shares fell 91¢, or 2.7%, to $33.28.

The energy sector slid 0.6% despite a rise in U.S. June crude prices, which climbed 26¢ to settle at US$61.81 a barrel.

Shares of Canadian Natural Resources dropped 79¢, or 1%, to $69.15, while Suncor Energy slid $1.20, or 1.3%, to $91.15.

The retreat in the two sectors offset strength from Magna, which jumped $6.42, or 7.4%, to $93.65 on news of a $1.54 billion investment in the autoparts maker from Russian billionaire and automotive entrepreneur Oleg Deripaska.

Magna, which is looking to buy a stake in DaimlerChrysler’s struggling Chrysler Group, also reported a 2.8% rise in first-quarter profit on stronger revenues.

The junior S&P/TSX Venture composite index moved down 34.75 points to 3,322.21.

The Canadian dollar slipped 0.47 of a cent to US89.99¢.

In New York, U.S. stocks fell as disappointing retail sales and a widening trade deficit aroused worries about the economy a day after the Federal Reserve expressed continued concerns about inflation.

The Dow Jones industrial average was down 147.74 points, or 1.11%, at 13,215.13.

The S&P 500 was down 21.11 points, or 1.4%, at 1,491.47. The Nasdaq composite index was down 42.60 points, or 1.65%, at 2,533.74.