The resource-heavy Toronto Stock Exchange ended lower Monday as gold bullion prices retreated and investors moved to lock in profits.

The S&P/TSX composite index was down 91.66 points, or 0.84%, at 10,793.67, with nine of its 10 main groups lower.

The materials group, home of gold and mining shares, dropped 1.4%. Gold futures fell Monday for a fourth straight session. The front-month August contract lost US$12.30, or 1.3%, to US$945 an ounce.

Goldcorp fell 2.6% to $39.27, while Barrick Gold was down 1% at $37.26.

Shares of Centerra Gold fell 9.1% to $6.51 on expectations that parent Cameco Corp could soon sell its 49% stake in the gold miner. Cameco finished the day down 0.3% at $30.20.

The energy sector fell 0.65% as the price of oil tracked losses in equity markets, settling 0.47% lower at $70.60 a barrel. Suncor Energy sank 1% to $35.98.

The influential financials group dipped 0.74%, Royal Bank of Canada shares finished the day off 0.7% at $50.71, while Toronto-Dominion Bank shares fell 1% to $63.22.

Among individual stocks, Research In Motion fell 4.7% to $79.70, analyst’s report from UBS downgraded the stock to a “neutral” recommendation from a “buy”.

The junior S&P/TSX Venture composite index shed 7.37 points, or 0.62%, to finish at 1,185.21.

The Canadian dollar fell more that half of a cent against the U.S. dollar. The loonie closed at US91.85¢, down 0.55 of cent from Friday.

In New York, the major U.S. indices closed lower, but were off their session lows.

The profit taking action by investors comes ahead of an abundance of economic data due this week, this week’s Federal Reserve announcement on interest rates

The Dow Jones industrial average 32.12 points, or 0.34%, to close at 9,337.95. The S&P 500 fell 3.38 points, or 0.33%, to 1,007.10. The Nasdaq composite index dropped 8.01 points, or 0.40%, to 1,992.24.

IE