The TSX plunged in the afternoon session on the heels of the continued decline in energy stocks and the downturn in miners.
The S&P/TSX composite index was down 89.73 points to close the day and the week at 14,741.15
The Canadian dollar drooped 0.08 cents to 81.25 cents U.S.
Energy stocks proved the biggest loser on the day, as Bankers Petroleum capsized 13 cents, or 4.1%, to $3.02, and Canadian Natural Resources slid $1.42, or 3.9%, to $35.27.
Health-care issues felt around for the bruises, as Valeant Pharmaceuticals lost $4.20, or 1.5%, to $282.76.
Gold stocks also lost some of their lustre, as Kinross Gold shed 13 cents, or 4.3%, to $2.89.
Information technology provided one of only two bright spots (see below), with Descartes Systems Group climbing 43 cents, or 2.3%, to $19.14.
ON BAYSTREET
The TSX Venture Exchange squeezed higher 0.01 points to 682.14
All but two of the 14 TSX subgroups were lower Friday, as energy toppled 1.7%, health-care settled 1%, and gold let go of 0.6%.
The two gaining groups were information technology, eking up 0.4%, and consumer staples, edging 0.1%.
ON WALLSTREET
U.S. stocks closed lower on Friday, as continued uncertainty over Greece pressured stocks and investors kept an eye on a calmer bond market ahead of next week's Federal Reserve meeting.
The Dow Jones Industrials plunged 140.53 points to close at 17,898.84, with Merck leading all blue chips lower.
The S&P 500 index slid 14.71 points to 2,094.15, with energy leading all 10 sectors lower.
The NASDAQ moved lower 31.41 points to 5,051.10
Stocks trimmed losses in morning trade amid a Reuters report that the Greek government is ready to submit counter-proposals and that Athens and its creditors are closer than ever to a deal, a Greek official said.
Prime Minister Alexis Tsipras also spoke on the telephone with European Commission President Jean-Claude Juncker about the next steps in negotiations.
The Producer Price Index increased 0.5% for May, topping expectations for 0.4%. The gain was the largest since May 2012. The ex-food and energy read was 0.1%.
The preliminary Michigan consumer sentiment posted 94.6 for June, an increase from May's final read of 90.7.
Prices for 10-year U.S. Treasuries lost ground, raising yields to 2.39% from Thursday’s 2.38%. Treasury prices and yields move in opposite directions.
Oil prices fell 81 cents a barrel to $59.96 U.S.
Gold prices doffed 20 cents at $1,180.20 U.S. an ounce.
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