Toronto stocks ended lower Friday, as falling oil prices led the energy sector downward, leading the broader market into negative territory.

The S&P/TSX composite index fell 44.64, or 0.35%, to 12,829.68.

For the week, the benchmark index fell 1.7%.

Seven of the 10 TSX main sub-groups were down.

The energy index fell 1.04%. Crude oil futures closed down 44¢ to US$57.11 a barrel, and lost 4.9% for the week.

Imperial Oil Ltd. closed down 33¢, or 0.82%, to $39.73.

The materials sector fell 0.69%, but the gold sub-sector gained 0.40%.

Gold futures gained $6.80 to finish at US$653.90 an ounce.

Meridian Gold Inc. moved up 24¢, or 0.83%, to $29.02.

Telecommunications Services gained 0.45%.

Rogers Communication moved up 65¢, or 1.74%, to $38.00.

The Canadian dollar rose 0.08 of a cent to US85.09¢.

The S&P TSX Venture Exchange gained 12.08 points , or 0.40%, to 3,065.62.

In New York, markets finished down, ending a volatile week in which higher inflation figures and weakness in the subprime mortgage industry led the key indices lower.

The Dow Jones industrial average fell 49.27 points, or 0.41%, to 12,110.41, the S&P500 lost 5.33, or 0.38%, to 1,386.95, and the Nasdaq composite index fell 6.04, or 0.25%, to 2,372.66.

For the week, the Dow Jones fell 1.3%, the S&P500 declined 1.1%, and the Nasdaq lost 0.6%.