* TSX up 0.5%

* Stelco jumps 72% after agreeing to be bought by Cleveland-Cliff

* Industrials lead sectoral gains

July 15 (Reuters) - Canada's main stock index notched a record high on Monday as industrial and energy shares rose, while markets saw higher odds of U.S. presidential candidate Donald Trump winning the November polls after surviving an assassination attempt.

At 10:50 a.m. ET (1450 GMT), the S&P/TSX composite index was up 101.74 points, or 0.45%, at 22,775.26.

Industrial shares led the sectoral gains with a 0.7% rise. The heavyweight energy sector climbed 1% as oil prices held ground.

Wall Street's main indexes were also up following the assassination attempt on Saturday, while Trump-linked stocks advanced.

"If you get a 3-way win by the Republicans, I could see them being more aggressive on deregulation with energy," said Nicolas Katsiyianis, head of research at Eight Capital.

"That would also mean, the possibility of lower taxes, more defense spending, maybe a little bit more."

Back home, Canada's manufacturing sales grew 0.4% in May from April on higher sales of aerospace products and parts industry, as well as primary food.

The market's focus now shifts to Tuesday's inflation data, which can help investors recalibrate their bets on rate cut by the Bank of Canada in its next policy meeting on July 24.

"If Canada's inflation rate falls too low compared to the U.S., then Canada could drop rates faster than the U.S.. And if that happens, then there's more risk on the Canadian dollar falling further," Katsiyianis said.

Among individual stocks, Stelco Holdings' shares soared to the top of the Toronto Stock Exchange with a 72.9% jump after U.S. steelmaker Cleveland-Cliffs said it will buy the Canadian peer for C$3.85 billion ($2.8 billion). (Reporting by Nikhil Sharma in Bengaluru; Editing by Vijay Kishore and Shreya Biswas)