TSX closes higher on mining and energy stocks in short trading day

TORONTO — The Toronto stock market ended a shortened trading session higher on Tuesday amid news that one of Canada’s largest coal producers is getting out of that business to focus on metals and energy.The S&P/TSX composite index rose 69.89 points to 13,517.59.Sherritt International Corp. is selling its entire coal business in Canada to two separate buyers — Colorado-based Westmoreland Coal Co. and Altius Minerals of St. John’s, N.L. — for a total of $946 million.On Wall Street, the Dow jumped 62.94 points to 16,357.55, while the S&P 500 saw an uptick of 5.33 points to 1,833.32. The Nasdaq climbed 6.51 points to 4,155.42.Commodities markets also rose as gold prices gained $6.30 to US$1,203.30 an ounce, while March copper saw an uptick of six cents to $3.37 a pound. February crude prices will close later in the afternoon.And the Canadian dollar fell 0.07 of a cent to 94.17 cents US.Equity markets in Toronto and New York closed at 1 p.m. ET for Christmas Eve. The TSX will remain closed until Friday while Wall Street will reopen on Thursday, which is the Boxing Day holiday in Canada.