Toronto stocks sank Monday, as the price of both oil and gold tumbled, and the Canadian dollar fell from the heights it reached last week.

The S&P/TSX composite index lost 264.86 points, or 1.91%, to 13,604.96.

Eight of the 10 TSX main sub-groups were down

The energy index dropped 2.39%.

Crude-oil futures lost down $1.70 to US$94.62 a barrel.

Husky Energy Inc. fell 79¢, or 1.87%, to $41.38.

The materials sector fell 6.44%, while the gold group gave up 5.21%.

Gold for December delivery fell $27 to end at US$807.70 an ounce as the U.S. dollar rebounded.

Kinross Gold Corp. fell 91¢, or 5.14%, to $16.81.

Information technology moved up 2.07%.

Cognos Inc. gained $5.33, or 10.66%, to $55.35 after it was announced the Canadian software firm would be acquired by IBM for US$5 billion.

The Canadian dollar fell 3¢ to approximately US103¢ in international currency trading on Monday. As the Bank of Canada was closed to observe Remembrance Day, no official close was announced.

The S&P/TSX Venture composite index fell 95.92 points, or 3.15%, to 2,952.62.

In New York, markets dropped as the market reacted to the drop in gold and other metals prices and to weakness on Asian markets.

The Dow Jones industrial average fell 55.19 points, or 0.42%, to 12,987.55, the Nasdaq composite index fell 43.81, or 1.67%, to 2,584.13, and the S&P500 gave up 14.52, or 1.00%, to 1,439.18.