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TSX ends down 0.1% at 25,410.35

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Energy falls 1.8% as oil settles 3.2% lower

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Materials group loses 2.2%

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CI Financial ( CIXXF ) jumps 30% on take-private deal

(Updates at market close)

By Nikhil Sharma and Fergal Smith

Nov 25 (Reuters) - Canada's main stock index ended lower

on Monday as a drop in commodity prices weighed on resource

shares, offsetting the boost to investor sentiment globally from

the nomination of Scott Bessent as U.S. Treasury secretary.

The S&P/TSX composite index ended down 33.93

points, or 0.1%, at 25,410.35, pulling back from a record

closing high on Friday.

The energy sector lost 1.8% as the price of oil

settled 3.2% lower at $68.94 a barrel after multiple reports

that Israel and Lebanon had agreed to the terms of a deal to end

the Israel-Hezbollah conflict.

Gold, which has benefited recently from its

safe-haven appeal, also fell. The materials group, which

includes gold miners and fertilizer companies, ended 2.2% lower.

Wall Street's main indexes ended higher after Bessent's

nomination helped push bond yields lower. Some investment

strategists say Bessent could take measures to restrain further

government borrowing even as he follows through on fiscal and

trade campaign pledges.

"I think that people are seeing him as favorable towards

equity markets," said Colin Cieszynski, chief market strategist

at SIA Wealth Management.

The Canadian 10-year yield was down 12.1 basis points at

3.306%, tracking moves in U.S. Treasuries. That helped boost

interest rate sensitive sectors such as real estate, which added

2.5%.

Technology rose 1.3% and industrials ended up 0.8%.

CI Financial Corp ( CIXXF ) was a standout. Its shares jumped

30% after the asset and wealth manager said that Abu Dhabi's

Mubadala Capital would take the company private in a C$12.1

billion ($8.66 billion) all-cash deal, including debt.