* TSX up 0.1%

* Financial stocks lead gains

* Index hits highest in near 1-month

May 7 (Reuters) - Canada's main stock index climbed to its highest level in nearly a month, pulled up by financial stocks, as investor sentiment remained upbeat on reviving hopes of interest rate cuts in the year.

At 9:53 a.m. ET (13:53 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 29.84 points, or 0.13%, at 22,289.31.

Heavy-weight financials climbed 0.3%, pulled up by Brookfield Asset Management that rose 1.2%.

Industrial shares added 0.1%, helped by Ballard Power Systems that gained 2.1% after it reported its first-quarter results.

"Investors are pausing. We've had this several days of rallying after the Fed (decision). Now that's run its course and markets are waiting for the next big thing to react to", said Colin Cieszynski, chief market strategist at SIA Wealth Management.

The TSX closed over 1.4% higher in the previous session at its highest in over three weeks, logging its best day in nearly three months.

Wall Street indexes also closed higher, registering their third session of advances on Monday.

The rally followed the Federal Reserve's decision in the last week to hold interest rates and a crucial data report that showed U.S. job growth had slowed in April.

The dataset had investors adding to bets that the Federal Reserve will commence its easing cycle in September.

On the corporate front, investors will now parse through corporate earnings that will pick pace this week in Canada, with Suncor Energy, Manulife Financial and Shopify set to report this week.

Cameco Corp climbed to the top of the index with a 3.5% % gain after Bank of America added the company's U.S.-listed shares to its US 1 list. (Reporting by Purvi Agarwal in Bengaluru; Editing by Ravi Prakash Kumar)