Aug 7 (Reuters) - Futures pointed to a higher opening for Canada's main stock index on Tuesday, as oil prices rose with renewed U.S. sanctions against Iran that are expected to tighten global crude supply.
The new sanctions took effect on Tuesday, and U.S. President Donald Trump, who defied Washington's allies to impose them, pledged that firms doing business with Tehran would be barred from doing business with the United States. futures on the S&P/TSX index SXFc1 were up 0.33 percent at 7:15 a.m. ET.
Ivey PMI data for July is due at 10:00 a.m. ET.
Canada's main stock index edged lower on Friday, dragged by losses in financial names and as China's retaliatory tariffs on U.S. goods revived trade war concerns. Jones Industrial Average e-mini futures 1YMc1 were up 0.36 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.24 percent and Nasdaq 100 e-mini futures NQc1 were up 0.29 percent. .N
TOP STORIES TOP/CAN
Bausch Health Cos Inc BHC.TO , formerly known as Valeant Pharmaceuticals (NYSE:BHC), reported a bigger quarterly loss on Tuesday, due to an income tax provision and an asset impairment charge.
Aimia Inc's AIM.TO largest shareholder, Mittleman Brothers, said on Monday a buyout offer by an Air Canada-led consortium for Aimia's Aeroplan loyalty program was undervalued. oil producer Continental Resources Inc CLR.N said on Monday that it formed a subsidiary to manage mineral royalties with Franco-Nevada Corp FNV.TO , part of Continental's plan to diversify revenue sources. RESEARCH HIGHLIGHTS RCH/CA
Canadian Tire Corp CTCa.TO : Barclays (LON:BARC) raises price target to C$194 from C$186
Dorel Industries Inc DIIb.TO : RBC raises target price to C$30 from C$29
Golden Star Resources Ltd GSC.TO : Desjardins cuts price target to C$1.60 from C$1.65
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCcv1 : $1222.2; +0.37 pct GOL/
US crude CLc1 : $69.73; +1.04 pct O/R
Brent crude LCOc1 : $74.79; +1.41 pct O/R
LME 3-month copper CMCU3 : $6183.5; +0.82 pct MET/L
U.S. ECONOMIC DATA DUE ON TUESDAY
1000 JOLTS job openings for Jun: Expected 6.646 mln; Prior 6.638 mln
1500 Consumer credit for Jun: Expected 15.25 bln; Prior 24.56 bln
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Canadian markets directory CANADA ($1= C$1.30)