Toronto stocks fell for a fourth consecutive session on Friday, pulled down by energy and mining shares amid a sharp decline in commodity prices.

The Toronto Stock Exchange’s S&P/TSX composite index closed down 57.61 points, or 0.49%, at 11,651.69.

For the week, the benchmark index finished the week down 2.4%.

The energy sector dropped 2.15% as crude futures settled 78¢ lower at US$61.84 a barrel amid concerns on rising U.S. inventories.

Oil prices have lost more than US$5 a barrel since January.

All major oil and gas companies closed in the red, with Suncor Energy Inc. dipping $2, or 2.33%, to $83.84.

The mining stocks dropped 2.8% as prices of base and precious metals tumbled on heavy fund selling.

Kinross Gold fell 36¢, or 3.09%, to $11.29, while zinc miner Teck Cominco Ltd. shed $4.16, or 5.83%, to $67.15.

The financial services group was one of the sessions clear winners, gaining almost 1% with Manulife Financial, up $2.27, or 3.22%, to $72.67.

The insurer reported strong quarterly results on Thursday.

The Canadian dollar dropped 0.61 cents to 86.67 cents US.

On Wall Street, U.S. stocks rose as positive earnings lifted insurance broker Aon Corp.’s shares, while the technology sector rebounded.

The Dow Jones industrial average was up 35.70 points, or 0.33%, at 10,919.05. The S&P 500 was up 3.21 points, or 0.25%, at 1,266.99. The Nasdaq composite index was up 6.01 points, or 0.27%, at 2,261.88.

For the week, the Dow average rose 1.2% and the S&P 500 added 0.2%, while the Nasdaq edged down 0.03%.