May 14 (Reuters) - Canada's main stock index looked set to open higher on Monday as oil prices rose due to expectations of a sharp fall in Iranian crude supply once U.S. sanctions bite later this year.
June futures on the S&P TSX index SXFc1 were up 0.18 percent at 7:15 a.m. ET.
The Toronto Stock Exchange's S&P/TSX .GSPTSE rose 23.82 points, or 0.15 percent, to 15,983.32 on Friday, its seventh straight gain. Jones Industrial Average e-mini futures 1YMc1 were up 0.27 percent at 7:15 a.m. ET, while S&P 500 e-mini futures Esc1 rose 0.17 percent and Nasdaq 100 e-mini futures NQc1 were 0.23 percent higher. .N
(Morning News Call newsletter http://link.reuters.com/nex49s; The Day Ahead newsletter http://link.reuters.com/mex49s)
TOP STORIES TOP/CAN
Aurora Cannabis Inc ACB.TO will buy rival MedReleaf Corp LEAF.TO for C$3.2 billion ($2.51 billion), adding to what is already the biggest of Canada's quickly expanding marijuana producers. investment firm Brookfield Asset Management BAMa.TO made a $3.3 billion approach for Australian hospital group Healthscope, trumping a local buyout proposal and sending shares of the target up to a two-year high on Monday. AT 7:15 a.m. ET COM/WRAP
Gold futures GCc2 : $1,319.9; 0.07 pct GOL/
US crude CLc1 : $70.77; 0.10 pct O/R
Brent crude LCOc1 : $77.35; 0.30 pct O/R
LME 3-month copper CMCU3 : $6,871; -1.02 pct MET/L
ANALYST RESEARCH HIGHLIGHTS RCH/CA
• Metro Inc MRU.TO : National Bank of Canada resumes coverage with "sector perform" rating
• Total Energy Services Inc TOT.TO : CIBC cuts rating to "neutral" from "outperformer"
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($1= C$1.28)