Toronto stocks finished higher Monday, despite a drop in the price of oil, as the market was paced by both the energy and financials sectors.

The S&P/TSX composite index finished up 69.36 points, or 0.63%, to 11,081.19.

Volume on the senior exchange was 246 million shares.

Eight of the 10 TSX main sub-groups were up. The energy index gained 1.17% and the financials sector lifted 0.70%

Light, sweet crude for November delivery fell 77¢ to US$65.47 a barrel.

EnCana Corp. rose $1.63, or 2.4%, to $69.48, while PetroCanada gained $1.54, or 3.16%, to $50.20.

Enbridge Inc. reported that though its operations in the U.S. Gulf Coast region sustained just modest damage from hurricane Rita, it would like take $5 million charge against 2005 earnings. Shares were down 42¢, or 1.13%, to $36.84.

Energy trust Crescent Point has agreed to pay $118 million for Bulldog Energy. Crescent Point units gained 4¢, or 0.18%, to $21.74 and Bulldog Energy units fell 44¢, or 11.46%, to $3.40.

Bank of Nova Scotia advanced 68¢, or 1.57%, to $44.09.

Rogers Communications boosted its 2005 subscriber estimates. Shares rose $2.59, or 5.66%, to $48.35.

Alcan Inc. reported it was in early stages of talks about a possible sale of its Swiss smelter. Shares fell 52¢, or 1.41%, to $36.33.

Crystallex Inc fell 23¢, or 12.57%, to $1.60. The gold mining company’s share price has been extremely volatile as investors watch how the local political situation affects the firm’s Las Christinas property in Venezuela.

The Canadian dollar closed down 0.15 of a cent to US85.86¢.

The junior S&P/TSX venture exchange finished up 15.82 points, or 0.73%, to 2,174.92.

In New York, strong manufacturing numbers fanned inflation worries, putting investors in a bearish mood.

The Dow Jones industrial average fell 33.22 points to 10,535.48, the tech-heavy Nasdaq composite index rose 3.74 points to 2,155.43, while the broader S&P 500 dropped 2 points to 1,226.70.

The Institute for Supply Management’s September index on manufacturing rose to 59.4 from 53.6 in August, beating expectations.

The U.S. Commerce Department reported a 0.4% rise on spending in construction projects, below expectations.