Toronto stocks moved lower as weakness in the resources sector led the broader market down.

The S&P/TSX composite index lost 84.12, or 0.63%, to 13,218.76.

Nine of the 10 TSX main groups moved down.

The materials index fell 1.29%, while the gold sub-sector gave up 1.64%, despite a lift in the price of bullion.

Gold futures gained $6.60 at US$663.90 an ounce.

Goldcorp Inc. lost 52¢, or 1.78%, to $28.74.

The financials sector fell 0.39%.

Bank of Montreal fell 27¢, or 0.37%, to $71.86.

In its first day of trading, Montreal Exchange saw its shares rise $1.15, or 2.56%, to $46.15.

The energy sector gave up 0.20%. Light, sweet crude lifted 63¢ to US$62.91.

Petro Canada fell 7¢, or 0.16%, to $44.55.

The Canadian dollar gained 0.35 of a cent to US86.43¢.

The S&P TSX Venture Exchange slipped 6.80, or 0.21%, to 3,168.23.

In New York, markets turned lower as investors reacted to weak indicators coming from the real estate sector, including a report of falling home prices and continued concerns over the subprime mortgage sector.

The Dow Jones industrial average lost 71.78, or 0.58%, to 12,397.29, the Nasdaq composite index declined 18.20, or 0.74%, to 2,437.43, the S&P500 retreated 8.89, or 0.62%, to 1,428.61.