The S&P/TSX composite index fell 104.70 points, or 0.87%, to 11,895.04, after losing 198.89 in the previous session.

Nine of the 10 TSX main sub-groups were down, with only consumer staples registering a gain, up 0.15% on the day.

The energy sector was off 1.19% as light, sweet crude for October delivery fell 18¢ at US$67.32 a barrel.

EnCana Corp. declined 49¢, or 0.86%, to $56.42.

The materials group was off 1.60% and the gold sub-sector gave back 2.44%.

The December contract for gold fell $16.90 to US$624.90 an ounce.

Goldcorp Inc. declined 32¢, or 1.03%, to $30.86.

The financials sector fell 0.7% as Scotiabank lost 52¢ to $46.14 and Royal Bank moved 77¢ lower to $48.27.

The Canadian dollar closed down 0.36 of a cent at US90.06¢.
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The S&P/TSX Venture composite index lost 60.28 points, or 2.15%, to 2,733.26.

In New York, markets were lower Thursday after a speech by U.S. Federal Reserve official hinted at possible resumption of interest rate hikes after a recent pause.

The Dow Jones industrial average fell 74.76 points to 11,331. The Nasdaq composite index was down 12.55 points to 2,155.29. The S&P 500 Index dropped 6.24 points to 1,294.02.