(Updated at 10:20 a.m. ET (1520 GMT))

* TSX up 0.2%

* Industrials lead sectoral gains

* Canada wholesale trade most likely fell 1.1% in Oct

Nov 23 (Reuters) - Canada's main stock index climbed on Thursday for the second consecutive day, supported by a rise in materials stocks on higher prices of gold and copper, while lower crude prices weighed on energy shares.

At 10:20 a.m. ET (1520 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 32.69 points, or 0.16%, at 20,146.65.

The energy sector was flat after the postponement of an OPEC+ meeting stoked expectations that the group might not deepen output cuts next year.

"There’s speculation that certain OPEC+ members, specifically smaller producers from Africa, are struggling to agree supply cuts," said David Morrison, senior market analyst at Trade Nation.

The materials sector, which includes precious and base metals miners and fertilizer companies, rose 0.1%, helped by an uptick in prices of gold and copper as demands for the metals rose on a weaker dollar.

Industrials index led sectoral gains, adding 0.4%, while top decliner consumer staples stocks lost 0.5%.

Shares of First Quantum Minerals gained 0.5%, after brokerage BMO increased their price target on the copper miner.

Empire Company shares fell 2.6% to the bottom of TSX after National Bank Of Canada downgraded the food retail and distribution firm's stock to "Sector Perform" from "Outperform".

Meanwhile, a flash estate released by Statistics Canada showed Canadian wholesale trade most likely fell 1.1% in October from September on lower sales.

Sales dropped in the machinery, equipment and supplies and the motor vehicle and motor vehicle parts subsectors. (Reporting by Khushi Singh in Bengaluru Editing by Marguerita Choy)