Toronto stocks fell Monday, as lower resource prices put downward pressure on the energy and materials sectors, offsetting gains in the information technology group.

The S&P/TSX composite index fell 31.07 points, or 0.25%, to 12,309.40.

Half of the 10 TSX main sub-groups were down, with the energy sector falling 1.19%.

Light, sweet crude for December delivery closed down $1.01 at US$58.58 a barrel.

EnCana Corp. fell 33¢, or 0.59%, to $56.07.

Centurion Energy International Inc. closed up 89¢, or 8.03%, to $11.97 after it announced that it would be acquired by Dana Gas PJSC of the United Arab Emirates for about $1.25 billion.

The materials index fell 0.22%, while the gold sub-index moved up 0.36%.

The December gold futures contract ended down $4.30 at US$625.80 an ounce.

Barrick Gold Corp. rose 30¢, or 0.90%, to $33.57.

The information technology sector gained 2.32%. Cognos Inc. gained $1.19, or 2.72%, to $44.92.

Canadian banks were closed Monday for the Remembrance Day holiday.

The S&P/TSX Venture composite index fell 25.36 points, or 0.95%, to 2,648.89.

In New York, markets moved ahead on strong economic news.

The Dow Jones industrial average rose 23.45 points, or 0.19%, 12,131.88, the Nasdaq composite index gained 16.66, or 0.70%, to 2,406.38, and the S&P 500 lifted 3.52, or 0.25%, to 1,384.42.