Canada’s main stock index is expected to extend its record-setting rally this year as a global economic recovery boosts the outlook for the index’s heavily weighted financials and resource stocks, a Reuters poll found.
The median forecast in a survey of 24 portfolio managers and strategists was for the S&P/TSX Composite index to rise to 19,650 by the end of 2021,
up 7.2% from Tuesday’s close of 18,330.09. November’s forecast was 18,400.
It is to rise further to 20,125 by the middle of 2022.