The Toronto stock market finished little changed on Tuesday as drops in financial shares helped offset gains in resource issues.

The S&P/TSX composite index finished down 29.04 points, or 0.22% to close at 13,358.07.

Seven of the 10 TSX main groups moved lower. The financials index gave up 1.47 points, or 0.71%, with CIBC falling $1.85 to $72.29 and RBC down 0.39¢ to $50.71.

The energy sector lost 0.1%.

January’s crude contract ended the session down 14¢, or 0.2%, to US$90.49 a barrel on the New York Mercantile Exchange. Futures gained early but ultimately fell for a fourth session in a row as news hit that Turkish troops had withdrawn from Iraq.

Yamana gold gained 2.34% to close at $12.23 and Equinox Minerals was up 4.64% to $4.96. Despite these gains, the energy index fell 0.10%, with Goldcorp losing 1.56% to close at $30.94.

Gold for February delivery closed up US$8.10, or 1%, at US$807.40 an ounce on the New York Mercantile Exchange. Gold futures hit an intraday high of $811.

Among individual stocks, BioMS Medical Corp.’s stock went up $1.02, or 37.78%, to $3.72, after the company announced a licensing and development deal with Eli Lilly and Co. on its lead multiple sclerosis compound. The deal includes an upfront payment of $87 million and up to $410 million if sales of the compound are approved.

Bombardier shares rose 2.81% to close at $5.86 after it won the bid for a $386 million contract with the Quebec government to build commuter trains.

The junior S&P/TSX Venture composite index fell 12.67 points, or 0.48%, to 2,595.28.

The Canadian dollar closed at US99.45¢, down 0.02 of a cent.

In New York, the U.S. Federal Reserves’s new rules to protect homebuyers made for a strong day on Wall Street.

The Dow Jones industrial average advanced 65.27 points, or 0.50%, to 13,232.47. The S&P 500 gained 9.08 points, or 0.63%, to close at 1,454.98.

The tech-heavy Nasdaq composite index jumped 21.57 points, or 0.84%, to 2,596.03.