* TSX slide 0.71 percent to 11,445.95
* Up 1.7 percent on week
* Weaker golds drag down materials group
* Financials rally for seventh session (Adds details, comments)
TORONTO, Sept 18 (Reuters) - Toronto’s main stock index fell at the close on Friday, ending an active trading week with the heavily weighted materials sector retreating on weaker golds, while technology issues gained ahead of quarterly reports next week.
The S&P/TSX composite index .GSPTSE ended the session down 82.28 points, or 0.71 percent, at 11,445.95, after bouncing from flat, to positive and back to negative territory throughout the day.
“The market has had a very tight range today,” said Bruce Latimer, a trader at Dundee Securities in Toronto.
“I think after having a decent week and a decent couple of weeks, people are kind of content to not push it, so to speak,” he added.
Gold miners were among the chief decliners, dragging down the broader materials group 1.69 percent, largely as the price of bullion backed away from 18-month highs.
The oil and gas sector weakened 1.45 percent as the price of crude slipped toward $72 a barrel, hitting big names such as Suncor (SU.TO), down 2 percent at C$38.59, and EnCana (ECA.TO), down 2.4 percent at C$61.39.
“Overall, I think it’s just a day when the Canadian market is taking a little bit of a pause here and people are reflecting on the strength of the recovery,” said Michael Sprung, president of Sprung & Co. Investment Counsel.
The lower close on Friday extended Thursday’s decline, when the TSX slid 0.24 percent as investors took profits after five straight sessions of gains. On the week, the TSX was up 1.7 percent, its fourth straight weekly rise.
On the upside on Friday, the technology and financials sectors both showed gains.
The small technology group rose 0.89 percent, helped by a positive outlook for upcoming earnings reports.
BlackBerry maker Research in Motion RIM.TO, which reports next Thursday, was up 1.1 percent at C$89.26, and Open Text OTC.TO was up 3.53 percent to C$42.50.
The heavyweight financials eked out a seventh straight day of gains, edging up 0.03 percent, led by Canada’s top life insurer, Manulife Financial (MFC.TO), up 2.8 percent at C$22.78.
$1=$1.07 Canadian Reporting by Pav Jordan and Ka Yan Ng; editing by Rob Wilson