Nov 6 (Reuters) - Futures linked to Canada's main stock

index climbed more than 1% on Wednesday, bolstered by positive

market sentiment after Republican Donald Trump reclaimed the

U.S. presidency.

December futures on the S&P/TSX index were up 1.1%

at 6:10 a.m. ET (11:10 GMT).

Trump won the election after defeating Vice President Kamala

Harris, making a comeback after being voted out of the White

House in 2020.

Futures for the S&P 500 and the Dow hit

record highs in a sharp rally after Trump's victory.

The win will potentially impact the global economy and

markets, especially Canada, the United States' biggest trading

partner.

Canada's energy sector looked set to be pressured as oil

prices fell more than 1% after the result.

The materials sector was in focus as gold prices hit a

nearly three-week low against a strong dollar, while copper

prices also nursed losses.

The composite index ended higher on Tuesday,

boosted by technology and financial shares.

Investors will now shift focus to the U.S. Federal Reserve

monetary policy decision on Thursday, when the central bank is

expected announce a 25-basis-point interest-rate cut.

The Bank of Canada had cut rates by half-a-percentage point

at its October meeting. The minutes showed BoC's governing

council felt its key borrowing cost did not need to be as

restrictive.

Domestic investors will focus on the Ivey Purchasing

Managers Index (PMI) data, due later in the day.

In corporate news, metals recycler and battery materials

producer Umicore will pause the construction of a

battery materials plant in Canada.

COMMODITIES

Gold: $2,720.7; -0.8%

US crude: $70.91; -1.5%

Brent crude: $74.39; -1.5%

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($1 = 1.3890 Canadian dollars)