Toronto stocks finished lower Tuesday, as the broader market reacted to the Bank of Canada’s rate hike announcement and to lower oil and gold prices.

The S&P/TSX composite index fell 66.85, or 0.56%, to 11,816.46.

Half of the TSX sub-sectors were up, but the energy group, which fell 1.62%, led the market into negative territory.

Light, sweet crude for April delivery ended down 83¢ at US$61.58 in New York trading.

EnCana Corp. fell 81¢, or 1.64%, to $48.47.

The materials sector moved down 1.76%. The April futures contract for bullion ended down $2.30 at US$554.50.

Goldcorp dropped 80¢, or 2.50%, to $31.20.

The Bank of Canada raised its target for the overnight rate by 25 basis points to 3.75%. The central bank noted the Canadian dollar’s recent strength in its rate announcement today, suggesting its cycle of rate increases may be ending.

That sentiment, along with falling oil prices, weighed on the Canadian dollar. The loonie closed down 0.81 of a cent at US86.92¢.

The S&P/TSX Venture composite index fell 51.36, or 1.94%, to 2,592.15.

In New York, U.S. stocks ended mixed Tuesday as the absorbed both positive and negative corporate earnings reports.

The Dow industrials rose 22.10 points to 10,980.69, the Nasdaq fell 17.65 points to 2,268.38, while the S&P 500 Index dropped 2.38 points to 1,275.88.