Canada's TSX ends above 20,000 for first time as resource shares rally

The Toronto Stock Exchange's S&P/TSX composite index closed up 87.80 points, or 0.4%, at 20,029.19. Investors say that 20,000 is a key psychological level.Since March 2020, the index has soared nearly 80%.

TORONTO: Canada's main stock market index closed above 20,000 on Friday for the first time, extending a sharp rebound from its low last year during the COVID-19 crisis as higher commodity prices bolstered the shares of resource companies.

The Toronto Stock Exchange's S&P/TSX composite index closed up 87.80 points, or 0.4%, at 20,029.19. Investors say that 20,000 is a key psychological level.