CANADA STOCKS-TSX edges lower as resources retreat
* TSX down 12.95 points, or 0.11 percent, at 11,962.19
* Resource issues fall as oil, gold prices drop
* RIM rises 5 percent after analyst upgrade (Recasts, adds quotes)
By Jennifer Kwan
TORONTO, March 8 (Reuters) - Canada's main stock market index sank on Monday, after touching its highest point in eight weeks, as weaker oil and metal prices pulled down heavily weighted resource issues.
Barrick Gold (ABX.TO: Quote) and Kinross Gold K.TO dropped 2 percent as gold prices slid. [GOL/]
At 12:00 p.m. (1700 GMT), the S&P/TSX composite index .GSPTSE was down 12.95 points, or 0.11 percent, at 11,962.19.
After piercing 12,000, the index is likely to drift into a consolidation period over the next few days, said Bruce Latimer, a trader at Dundee Securities. Continued...