CANADA STOCKS-TSX flat after earlier hitting 13-month high
* TSX down 8.91 points at 11,621.09
* Energy and gold-mining shares turn around (Recasts)
TORONTO, Nov 18 (Reuters) - Toronto's main stock index was little changed on Wednesday as investors opted to pocket gains recorded early in the session that had sent the resource-heavy index to a 13-month high alongside a rise in commodity prices.
Energy and gold-mining stocks, which helped power the early rally, were among the key drags on the index as many investors ignored higher oil and gold prices.
Barrick Gold (ABX.TO: Quote) shares, the main drag on the index, were down 2.8 percent at C$46.14, while Goldcorp (G.TO: Quote) dropped 1.6 percent to C$46.06.
Among energy companies weighing on the index were Suncor Energy (SU.TO: Quote), down 0.5 percent at C$38.68, and Canadian Natural Resources (CNQ.TO: Quote), off 0.9 percent at C$71.69.
Shares of Research In Motion RIM.TO dropped 2.5 percent to C$62.91 after BMO Capital Markets downgraded the BlackBerry maker to "market perform" from "outperform," citing concerns about its 2011 earnings. [ID:nBNG462185]
At 1:35 p.m. (1835 GMT) the S&P/TSX composite index .GSPTSE was down 8.91 points, or 0.08 percent, at 11,621.09. Earlier, it rose 72 points to 11,702.24, which marked its highest level since October 2008.
Fergal Smith, a managing market strategist at Action Economics said the TSX will struggle to sustain its penetration of the session high as long as the Standard & Poor's 500 Index .SPX remained under pressure.
U.S. stocks were under pressure given on unexpected fall in new U.S. home construction, which sparked worries about the strength of an economic recovery. [ID:nN1899353]
($1=$1.06 Canadian) (Reporting by Frank Pingue)
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