Toronto stocks closed lower Thursday, down for the second-straight session, as resources led the senior exchange into negative territory.

The S&P/TSX composite index finished down 63.40, or 0.60%, to 10,429.71, rebounding off a mid-day low of 10,294.93. The market has lost 190.79 points through two sessions.

Volume on the senior exchange was 260 million shares.

Half of the 10 TSX main sub-groups were down.

Crude futures closed down $1.04 at US$63.08 a barrel on U.S. reports of increased supply. The energy sector lost 3.12%, continuing its recent dive.

EnCana Corp. fell $1.71, or 2.96%, to $56.10, while PetroCanada shed $1.49, or 3.39%, to $42.50.

Nexen Inc. reported a third-quarter profit of $615 million, a big leap from $220 million a year ago. Nevertheless, shares were down $2.05, or 4.14%, to $47.50.

A resurgent U.S. dollar put downward pressure on gold, which fell $2.80 to settle at US$473.80 an ounce. The gold sector was off 0.81%

The information technology sector was up 2.15%, with the market’s biggest mover, Nortel Networks, gaining 14¢, or 3.78%, to $3.84.

In economic news, Statistics Canada reported the trade surplus was $5.6 billion in August, $500 million less than economists had expected. It also revised the July trade surplus to $4.9 billion, from $5.8 billion.

The Canadian dollar sank 0.88 US of a cent to US84.57¢.

The junior S&P/TSX Venture composite index finished down 33.92, or 1.62%, to 2,055.95.

In New York, inflation worries arising from hawkish U.S. Federal Reserve statements continue to keep investors bearish despite the recent drop in crude prices.

The Dow Jones industrial average closed essentially flat, losing 0.32 to finish 10,216.59. The broad-based S&P500 index lost 0.84, or 0.07%, to 1,176.84, and the tech-heavy Nasdaq composite index climbed 9.75, or 0.48%, to 2,047.22.

In U.S. economic news, the trade deficit deepened to US$59 billion in August from $57.9 billion in July, still managing to beat analysts’ expectations.