Resource stocks pulled the Toronto Stock Exchange to a lower close Wednesday as prices for gold and oil retreated.

The S&P/TSX composite index slid 38.15 points, or 0.25%, to 14,690.46, but only three of the 10 TSX main groups closed lower.

The heavyweight energy sector followed the price of oil lower to give up 1%, after U.S. government data showed that a jump in refinery activity helped boost supplies of petroleum products.

Crude for July delivery fell by US$2.01, or 1.6%, to close at US$122.30 a barrel on the New York Mercantile Exchange. The contract closed at its weakest level since May 6.

In Toronto, Petro-Canada fell 74¢, or 1.3%, to $56.84, while Suncor Energy dropped 60¢, or 0.9%, at $66.00.

The materials sector, home to resource shares, also lost 1%. Potash Corp of Saskatchewan slipped 80¢, or 0.4%, to $212.50. Among miners, Teck Cominco dropped $1.18, or 2.4%, to $48.35.

Gold for August delivery closed down $1.70 at $883.80 an ounce on the Nymex, after dropping US$11.50 on Tuesday.

The TSX telecoms sector was the other sector in the red, dropping 0.8%. Rogers Communications shares tumbled 87¢, or 2.1%, to $41.64.

Among the session’s winners, shares of Bombardier soared 74¢, or 9.1%, to $8.90 after it said its quarter profit nearly tripled, while aircraft deliveries rose.

The junior S&P/TSX Venture composite index added 2.47 points, or 0.09%, at 2,642.57.

The Canadian dollar closed at US101.83¢, up from US100.86¢ at Tuesday’s close.

In New York, technology shares ended higher on as positive broker comments on chip makers and data showing unexpected strength in the services sector fueled bets that business spending will hold up.

The tech-heavy Nasdaq composite index jumped 22.66 points, or 0.91%, to 2,503.14.

However, the Dow Jones industrial average dropped 12.37 points, or 0.1%, to 12,390.48, and S&P 500 dipped 0.45 of a point, to 1,377.20.