Toronto stocks fell Tuesday, after enjoying a triple-digit gain in the previous session, as resource indices dropped on falling commodity prices.

The S&P/TSX composite index lost 61.84, or 0.53%, to 11,701.71.

Seven of the 10 TSX main sub-groups were down, with the energy index giving up 1.84%.

The benchmark contract for light, sweet crude fell $2.14, or 3.4% at US$61.66 a barrel.

Petro-Canada fell $1.03, or 2.26%, to $44.47.

The December futures contract for bullion fell $9.60 to US$583.20 an ounce.

Bema Gold Corp. lost 16¢, or 3.04%, to $5.10.

The financials sector put in a strong performance, moving up 0.75% on the day. Royal Bank of Canada gained 59¢, or 1.20%, to $49.61.

The Canadian dollar lost US0.82 of a cent to US88.63¢ after a Statistics Canada report showed that inflation had fallen in August, suggesting the Bank of Canada would be less likely to consider raising its key rate.

The S&P/TSX Venture Exchange index was off 40.08, or 1.55%, to 2,537.44.

In New York, markets ended lower as investors fretted over economic news suggesting a slowdown in the domestic economy.

The Dow Jones Industrial Average closed down 14.09 points to 11,540.91, bouncing back from around an 80-point drop earlier in the session. The Nasdaq Composite Index was down 13.38 points at 2,222.37, while the S&P 500 Index dipped 2.87 points to 1,318.31.