Feb 13 (Reuters) - Canada's main stock index was set to follow global markets higher on Monday, helped by optimism over U.S. President Donald Trump's tax reform plans and a rebound in certain commodity prices.
Copper hit its highest since May 2015, extending the previous session's near-5 percent surge after shipments were disrupted from the world's two biggest copper mines. futures on the S&P TSX index SXFc1 were up 0.13 percent at 7:15 a.m. ET.
The Toronto Stock Exchange's S&P/TSX composite index powered to a record high on Friday propelled by higher oil prices and expectations of corporate-friendly tax cuts in the United States, while an unexpected surge in domestic job growth also suggested a brighter economic outlook. major Canadian economic releases are scheduled. ECONCA
Dow Jones Industrial Average e-mini futures 1YMc1 were up 0.25 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.16 percent and Nasdaq 100 e-mini futures NQc1 were up 0.11 percent. .N
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TOP STORIES TOP/CAN
Restaurant Brands International Inc QSR.TO QSR.N , the owner of Burger King and Tim Hortons, reported a quarterly profit that more than doubled from a year ago, when it recorded a one-time charge related to the merger of the two brands. rains have cut access in and out of the Ravensthorpe nickel-producing operations in Western Australia, owner First Quantum Minerals FM.TO said. RESEARCH HIGHLIGHTS RCH/CA
Bank of Montreal BMO.TO : Barclays (LON:BARC) raises target price to C$86 from C$82
Cara Operations Ltd CARA.TO : Canaccord Genuity cuts target price to C$29 from C$34
TransAlta Corp TA.TO : National Bank Financial cuts rating to "sector perform" from "outperform"
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCc1 : $1231; -0.28 percent GOL/
US crude CLc1 : $53.69; -0.32 percent O/R
Brent crude LCOc1 : $56.46; -0.42 percent O/R
LME 3-month copper CMCU3 : $6126.5; +0.6 percent MET/L
U.S. ECONOMIC DATA DUE ON MONDAY
No major economic releases are scheduled.
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