July 9 (Reuters) - Canada's main stock index was set to open higher on Monday as oil prices made gains on global demand and U.S. efforts to impose sanctions on Iran, which would reduce output.
The United States said it wants to reduce oil exports from Iran, the world's fifth biggest oil producer, to zero by November, in a move that will oblige other big producers such as Saudi Arabia to pump more. futures on the S&P/TSX index SXFc1 were up 0.14 percent at 7:15 a.m. ET.
The index rose 105.17 points, or 0.65 percent, to 16,371.78 on Friday. Jones Industrial Average e-mini futures 1YMc1 were up 0.48 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.41 percent and Nasdaq 100 e-mini futures NQc1 were up 0.4 percent. .N
TOP STORIES TOP/CAN Miner Barrick Gold Corp ABX.TO and China's Shandong Gold 600547.SS said they would deepen cooperation beyond their Argentinian joint venture, potentially working together on acquisitions. Energy Inc SU.TO said it expects its Syncrude oil sands project in Alberta to return to full production in early to mid-September, following an outage last month that shut total output. RESEARCH HIGHLIGHTS RCH/CA
Aritzia Inc ATZ.TO : TD Securities raises target price to C$19.00 from C$17.50
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCcv1 : $1265.9; rose 0.8 percent GOL/
US crude CLc1 : $73.83; rose 0.04 percent O/R
Brent crude LCOc1 : $77.9; rose 1.02 percent O/R
LME 3-month copper CMCU3 : $6381; rose 1.58 percent MET/L
U.S. ECONOMIC DATA DUE ON MONDAY
1000 Employment Trends for June: Prior 107.7
1500 Consumer credit for May: Expected $12.50 bln; Prior$9.26 bln
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