Toronto stocks fizzled Monday afternoon as energy shares gave back earlier gains.

The S&P/TSX composite index slipped 8.79 points, or 0.06%, to 14,960.76, after being up p more than 100 points earlier in the session.

All but three of its 10 main sectors ended lower.

The heavyweight energy sector moved against the price of oil for most of the day and finished up 0.2%.

Crude oil for July delivery dropped US$4.19 to close at US$134.35 a barrel on the New York Mercantile Exchange after touching a low of $133.95.

In Toronto, Canadian Oil Sands Trust shares fell $1.54, or 3%, at $50.75, while Suncor Energy gained 54¢, or 0.8%, to $70.00.

Among Monday’s winners, Potash Corp of Saskatchewan soared to to a record high after Goldman Sachs said prices for potash and phosphate should continue to climb. Potash shares climbed as high as $232.60 before easing to close up $5.94, or 2.7%, at $226.74.

The junior S&P/TSX Venture composite index dropped 14.04 points, or 0.52%, to 2,667.31.

A day before the Bank of Canada is expected to cut its key interest rate by a quarter point, the Canadian dollar was off 0.22¢ to US97.89¢.

In New York, the Dow staged a modest rebound on Monday from Friday’s big drop following a surprising increase in U.S. pending home sales.

The Dow Jones industrial average rallied 70.51 points, or 0.58%, to 12,280.32.

The S&P 500 gained 1.08 points, 0.08%, to 1,361.76.

But the tech-heavy Nasdaq composite index lost 15.10 points, or 0.61%, to 2,459.46.

The Dow got a boost early in the session after data showed pending sales of previously owned homes unexpectedly rose in April to the highest in six months as foreclosed properties hit the market and sent prices down.

Financial shares were among the worst-performing sectors, dragged down by Lehman Brothers, which forecast a US$2.8 billion second-quarter loss and unveiled a plan to raise US$6 billion to strengthen its capital.