* TSX ends up 0.3% at 35,485.11

* Eclipses July 15 record closing high

* Materials group adds 2.4% as gold rises

* Energy gains 1.3%; oil settles nearly 3% higher

(Updates at market close)

By Sudeshna Ghoshal and Fergal Smith

TORONTO, July 22 (Reuters) - Canada's main stock index rose

to a record high on Wednesday as higher commodity prices boosted

energy and metal mining shares, and despite signs that

renegotiation of a continental trade pact will spill over into

next year.

The S&P/TSX Composite Index ended up 116.03

points, or 0.3%, at 35,485.11, moving past the July 15 record

closing high.

* "Today is looking promising for Canada because commodity

prices are doing well with the exception of copper," said Colin

Cieszynski, chief market strategist at SIA Wealth Management.

* U.S. Trade Representative Jamieson Greer said he hoped to

strike some interim trade agreements with Mexico and Canada this

year while tackling thornier changes of the U.S.-Mexico-Canada

Agreement such as stricter rules of origin in 2027.

* The materials group, which includes metal

mining shares, advanced 2.4%. Gold rose 1.3%, buoyed by a

softer U.S. dollar and technical buying.

* NovaGold Resources Inc ( NG ) said it would acquire the

shares it does not already own in Donlin Gold from Paulson

Advisors in an all-stock deal that would create a gold producer

worth $4.2 billion. Shares of the precious metals company were

up 10.1%.

* Panama is considering creating a state-owned mining firm

to partner with First Quantum Minerals Ltd ( FQVLF ) on the

re-opening of the shuttered flagship Cobre Panama copper mine,

two people familiar with the development told Reuters. First

Quantum's shares were down 1%xx.

* Energy stocks added 1.3%. The price of oil

settled nearly 3% higher at $86.83 a barrel on mounting

supply concerns as hostilities continued to escalate between the

U.S. and Iran.

* Six of the TSX's 10 major sectors ended lower, including

technology. It lost 2.5% ahead of earnings from U.S.

big technology companies after the closing bell, with shares of

Descartes Systems Group ( DSGX ) down 4%.