Canada's benchmark index looked set to open higher, boosted by rising oil prices .
Stock futures for the September quarter on the S&P TSX index were up 0.1% recently.
Action Economics ( AE ) said the imposition of US sanctions on Iran and President Donald Trump's warning for tariffs on other countries and corporations that continue to trade with Iran have kept crude prices underpinned. This follows news on Monday that Saudi Arabian output has dipped.
Meanwhile, AE said gold futures edged higher as the dollar weakened some overnight. Global equities have rallied today, which should keep gold gains contained. This said, the imposition of sanctions on Iran could see geopolitical tensions rise, which would be supportive of gold prices .
The TSX gained 11 points on Friday, led higher by materials.
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