Nov 7 (Reuters) - Futures tied to Canada's main stock

index rose on Thursday, mirroring its Wall Street peers, ahead

of the U.S. Federal Reserve's monetary policy decision later in

the day.

December futures on the S&P/TSX index were up 0.2%

at 6:04 a.m. ET (11:04 GMT).

All eyes will be on the U.S. central bank's rate decision,

which is widely expected to result in a 25-basis-point interest

rate cut, with markets also pricing in a similar cut in

December.

Wall Street futures edged higher ahead of the Fed's decision

after the previous session's rally propelled by Donald Trump's

election victory.

Also, U.S. weekly initial jobless claims data is due at 8:30

a.m. ET.

Canada's energy sector grabbed focus as oil prices edged

lower after a sharp sell-off in the prior session triggered by

the U.S. election result.

Trump's return to the White House, with his tariffs and

immigration policies, could seriously impact the world economy.

Canada, the world's No. 4 crude oil producer, is especially

vulnerable due to his proposed 10% tariff on all imports.

The materials sector could take its cues from gold prices,

which rose but hovered near a three-week low, and copper prices,

which gained on hopes of further stimulus from China.

The composite index closed over 1% higher on

Wednesday due to wider gains led by financials and technology

stocks following the U.S. election result.

In corporate news, Manulife Financial ( MFC ) posted a

better-than-expected third-quarter profit, as the Canadian

insurer benefited from a robust performance in its Asia and

wealth management businesses.

COMMODITIES

Gold: $2,666.23; +0.2%

US crude: $71.08; -0.9%

Brent crude: $74.44; -0.6%

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($1 = 1.3886 Canadian dollars)