TSX tops 20,000 for first time ever as loonie and oil at multi-year highs

The Toronto Stock Exchange’s benchmark index topped the 20,000-point level for the first time ever this week fuelled by higher oil prices and more signs that a strong economic rebound from the depths of the COVID-19 pandemic is coming.

The S&P/TSX composite index was up by 32 points to 20,008 around midday. It first topped the 20,000 point level on Tuesday before losing ground in the afternoon, but Canada’s main stock index is back in the green Wednesday on renewed optimism

The rally was