Toronto stocks ended lower Friday, retreating from big gains in the previous session, as investors took profits.

The S&P/TSX composite index finished down 79.25, or 0.72%, to 11,002.57.

Volume on the senior exchange was 220 million shares.

Eight of the 10 TSX main sub-groups were down, with financials losing 1.01%. Telecommunications Services were down 1.88%,

Those same two group led the way higher in the previous session.

Among bank stocks, TD Bank lost 43¢, or 0.70%, to $61.07, and Royal Bank of Canada lost 82¢, or 0.9%, to $90.08,

In telecoms, BCE Inc. lost 95¢, or 3.20%, to $8.75, while Telus Corp. dropped $1.12, or 2.36%, to $46.43.

The energy sector was off 0.30%. Enbridge Inc. lost $1.10, or 2.83%, to $%37.72.

The gold sub-group was a bright spot as bullion pushed higher as the bullion price in Europe nosed closer to the US$500 an ounce mark.

Kinross Gold gained 19¢, or 2.05%, to $9.46, while Placer Dome shares added 19¢, or 0.75%, to $25.59.

Among individual stocks, Hudson’s Bay Co. has told shareholders to turn down a $1-billion takeover bid from South Carolina businessman Jerry Zucker.

HBC shares closed Friday at $15.09, unchanged from Thursday’s close.

The junior S&P/TSX venture exchange finished down 2.24 points , or 0.11%, to 2,064.67.

In New York markets closed at 1 p.m. ET as part of the U.S. Thanksgiving holiday.

Both the S&P 500 and the Nasdaq composite index hit fresh 4-1/2-year closing highs, while the blue-chip Dow Jones industrial average ended at its highest level since March.

The Dow gained 15.53, or 0.14%, to 10,931.62, the tech heavy Nasdaq gained 3.03, or 0.13%, to 2,263.01, and the broad based S&P 500 moved up 2.64, or 0.21, to 1,268.25.

For the week, the Dow added 1.5%, while the S&P 500 and the Nasdaq each gained 1.6%.