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CANADA STOCKS-TSX opens higher as material shares gain

July 29 (Reuters) - Canada's main stock index opened higher on Monday as shares of material companies were boosted by higher gold prices, ahead of this week's U.S. Federal Reserve meeting where investors widely expect an interest rate cut.

* At 9:34 a.m. ET (13:34 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 2.95 points, or 0.02%, at 16,533.99.

(Reporting by Amy Caren Daniel in Bengaluru; Editing by Arun Koyyur)

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