TSX closes higher after European gains

TORONTO - The Toronto stock market closed modestly higher with the metals and mining sector leading the way even as an early rally in copper prices faded. The S&P/TSX composite index ended the day up 21.77 points at 13,425.19. U.S. markets were closed for that country's Thanksgiving holiday and will reopen for an abbreviated session on Friday. In commodity markets, the January contract for benchmark U.S. crude rose 17 cents to settle at US$43.04 a barrel in electronic trading and December gold fell $3.80 to US$1,070 an ounce. The Canadian dollar rose 0.01 of a U.S. cent to end the day at 75.22 cents U.S.