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(Updates with official closing numbers, comments, details)
TORONTO, Dec 13 (Reuters) - The Toronto Stock Exchange's main index ended lower on Thursday as weak gold and base metals issues kept the market from keeping pace with late-rallying U.S. stocks.
Stocks fell early as investors took a cautious view of a plan by central banks to inject liquidity into global money markets.
But the early losses, led by financials, were partly recouped late in the session, leaving resource-related issues to hold the broader index back.
"With oil being down and gold being down quite a bit, we didn't really have much of a chance to participate in that rally," said John Kinsey, portfolio manager at Caldwell Securities.
The S&P/TSX composite index fell 62.13 points, or 0.45 percent, to close at 13,747.25.
Seven of the ten TSX subgroups finished lower, led by a 2.8 percent drop among materials issues, which include gold and base metals miners.
Barrick Gold (ABX.TO), the world's No. 1 gold miner, fell C$1.54, or 3.8 percent, to C$38.85, yanked down by gold prices that fell to around $791 an ounce from $814.
Thompson Creek Metals TCM.TO was the mining sector's biggest decliner, falling C$1.87, or 9.9 percent, to C$17.08, after the molybdenum producer cut its production outlook for the second time in two months.
Also taking heavy losses was printer Quebecor World IQW.TO, after the company said shareholders of Dutch group Roto Smeets de Boer RSDB.AS had rejected the $341 million purchase of Quebecor's European business.
The stock dropped 38 Canadian cents, or 16.8 percent, to C$1.88.
Investors appeared to have difficulty making up their minds on a plan, announced on Wednesday, that would see central banks in North America and Europe pump more money into struggling credit markets to ease a lending crisis sparked by the U.S. subprime mortgage meltdown.
Kinsey said the large intraday swings that have been common in recent weeks would not likely end any time soon.
"It will go up, it will go down, but nobody can make up their mind," he said. "This credit thing won't go away, and we're just going to have to live with it for a while."
$1=$1.02 Canadian Reporting by Cameron French; Editing by Rob Wilson