(RTTNews) - Canadian stocks continue to move in negative territory on Friday, following the lead of U.S. and European markets. Weakness in the energy and technology sectors has dragged the index lower.

The S&P/TSX Composite Index has dropped 151.42 points or 1.31% to move at 11,382.25. The market reversed modest gains seen yesterday.

Energy stocks are down 2% as the price of crude oil fell on the NYMEX. Encana (ECA.TO) is down 2.9%, Canadian Natural Resources (CNQ.TO) has lost 2.8%, Canadian Oil Sands (COS.UN.TO) is down 1.9% and Suncor (SU.TO) has dropped 1.6%.

Technology stocks are down 1.9%. Celestica Inc. (CLS.TO) has dropped 7.25% after the company announced its adjusted third quarter earnings came in at US$39.5 million, or US$0.17 per share, compared to adjusted net earnings of US$54.3 million, or US$0.24 per share, for the same period last year.

In other corporate news, Agrium Inc. (AGU.TO) has lost 7% after the company said that it expects third-quarter earnings to be 90% to 95% below last year’s third-quarter results.

Shaw Communications (SJR.B.TO) has lost 3.6% after the company reported fourth quarter net income of C$124 million or C$0.29 per share, compared to C$132.38 million or C$0.31 per share for the same quarter last year.

Apollo Gold Corp. (APG.TO) has climbed 1.75% after announcing it has reached a deal to sell Montana Tunnels Mining Inc. to Elkhorn Goldfields for US$9 million.

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Posted in Categories: Canada, Eurozone, Releases, Stocks, USA.

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