* TSX falls 27.22 points, or 0.22 percent, to 12,084.41 * Eight of 10 sectors decline By John Tilak TORONTO, Nov 28 (Reuters) - Canadian stocks pared most of their early losses on Wednesday after comments from a top Republican fueled hopes for a U.S. budget deal that would avert a "fiscal cliff" of tax hikes and spending cuts that threatens to drag the United States back into recession. Toronto's main stock index hit a one-week low in early dealings, led down by mining and energ