TORONTO -- 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 financial 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 was then expected to rise further to 20,125 by the middle of 2022. "The TSX Composite with its heavy makeup of financials, energy and material stocks should be a perfect proxy and beneficiary of a global economic reopening," said Matt Skipp, president of SW8 Asset Management.