Canada's main stock index fell on Friday, weighed by slips in financial, energy and consumer-related names despite strong domestic data and higher oil prices.

The Toronto Stock Exchange's S&P/TSX composite index closed down 62.71 points, or 0.41 per cent, at 15,128.65.

The index, which has lagged global peers so far this year as its large energy group has weighed, fell 0.4 per cent for the week.

Some negative earnings surprises in the United States have weighed on investor sentiment, said Philip Petursson, chief investment strategist at Manulife Investments.

Also, foreign investors may be waiting for "a better entry point" to invest in Canadian stocks after a surge in Canada's currency, Petursson said.

The loonie rallied for the fifth straight week, helped by data showing that Canada's economy expanded more than expected in May.

The data pointed to solid momentum in the second quarter and raised expectations for a second interest rate hike from the Bank of Canada in the coming months.

Higher interest rates could reduce the spending power of Canadians, while a stronger currency tends to hamper the competitiveness of exporters.

U.S. crude oil prices settled 1.4 per cent higher at US$49.71 a barrel. But shares of energy companies, whose products are priced in U.S. dollars, fell 0.7 per cent.

Imperial Oil Ltd (IMO.TO), fell 3.1 per cent to $36.08 after reporting an unexpected second-quarter loss due to planned and unplanned maintenance that curbed oil output.

The heavily weighted financials group retreated 0.3 per cent, while the consumer discretionary and consumer staples groups each lost more than one per cent.

Auto supplier Magna International Inc (MG.TO) fell nearly two per cent to $59.38 and convenience store operator Alimentation Couche Tard Inc (ATDb.TO) lost two per cent to $59.72.

Nine of the index's 10 main groups ended lower.

The materials group, which includes precious and base metals miners and fertilizer companies, added 0.3 per cent, boosted by higher gold prices.

Bombardier (BBDb.TO) jumped 4.6 per cent to $2.52 after posting its first quarterly profit in two years and saying it expects 2017 earnings before interest and tax to come in at the higher end of its forecast.

On the other side of the ledger, First Quantum Minerals (FM.TO) fell 3.8 per cent to $13.46 after reporting a loss versus expectations of profit.

Satellite and surveillance company MacDonald Dettwiler and Associates Ltd (MDA.TO) rose 8.4 per cent to $68.89 after reporting second quarter results late on Thursday, while shareholders of its acquisition target DigitalGlobe Inc (DGI.N) approved those merger plans.