Toronto stocks fell sharply Friday, after hitting a fresh record high in the previous session, as investors moved to lock in profits.

The S&P/TSX composite index sank 100.35 points, or 0.76%, to 13,083.95.

The benchmark index was flat on the week, closing down 0.2%, after hitting a record close of 13,184.30 on Thursday.

All 10 TSX main groups finished lower Friday.

The energy group fell back 0.73%.

Light, sweet crude for March delivery closed up 18¢ at US$59.89 a barrel on the New York Mercantile Exchange.

EnCana Corp. lost 77¢, or 1.33%, to $57.00.

Materials fell 1.03%, while gold gave up 0.98%.

Gold futures gained $9.50 to close at US$672.30.

Goldcorp Inc. fell 12¢, or 0.36%, to $33.38.

The financials sector was off 0.67%.

Manulife Financial gave up 54¢, or 1.31%, to $40.58.

The Canadian dollar moved up 0.74 of a cent to US85.30¢, after Statistics Canada said the economy added 88,900 jobs, far greater than the increase of 10,000 jobs analysts had predicted.

The S&P/TSX Venture composite index gained 21.04 points, or 0.71%, to 2,997.73.

In New York, markets were lower on higher oil prices and concerns over inflationary pressures in the domestic economy leading to possible interest rate hikes by the U.S. Federal Reserve.

The Dow Jones industrial average lost 56.80 points, or 0.45%, to 12,580.83, the S&P 500 slipped 10.25 points, or 0.71%, to 1,438.06, while the Nasdaq Composite declined 28.85 points, or 1.16%, to 2,459.82.

For the week, both the Dow and the Nasdaq lost 0.6%, while the S&P 500 retreated 0.7%.