Aug 24 (Reuters) - Canada's main stock index futures rose on Monday, helped by firmer oil prices, while signs of progress in COVID-19 treatment efforts also bolstered sentiment.
Crude oil prices rose on Monday as storms closed in on the Gulf of Mexico, shutting more than half its oil production. O/R
U.S. President Donald Trump on Sunday hailed the Food and Drug Administration's authorization of a coronavirus treatment that uses blood plasma from recovered patients. futures on the S&P/TSX index SXFc1 were up 1.04% at 7:00 a.m. ET.
On Friday, the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE ended 0.54% lower at 16,517.85. Jones Industrial Average e-mini futures 1YMc1 were up 1.01% at 7:00 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.83% and Nasdaq 100 e-mini futures NQc1 were up 0.9%. .N
TOP STORIES TOP/CAN
The U.S. unit of diversified Canadian miner Northern Dynasty Minerals Ltd NDM.TO on Saturday denied a media report that said the administration of U.S. President Donald Trump plans to block its proposed Pebble Mine in Alaska early next week. RESEARCH HIGHLIGHTS RCH/CA
BRP Inc DOO.TO : Canaccord Genuity Raises Target (NYSE:TGT) Price to C$70 from C$60
Horizon North Logistics Inc HNL.TO : ATB Capital Markets Raises Target Price to C$6 from C$1.75
COMMODITIES AT 7:00 a.m. ET
Gold futures GCc2 : $1947.3; +0.58% GOL/
US crude CLc1 : $42.63; +0.68% O/R
Brent crude LCOc1 : $44.68; +0.74% O/R
U.S. ECONOMIC DATA DUE ON MONDAY
0830 National Activity Index for Jul: Prior 4.11
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