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TSX Hits Record High as Iran Deal Lifts Markets — Daily Update, June 16, 2026

Oil tumbles on Strait of Hormuz reopening framework. All eyes on the Federal Reserve as Kevin Warsh chairs his first policy meeting. Here is everything moving Canadian wallets today. Tuesday, June 16, 2026  |  MoneySavings.ca 🇨🇦 TSX — Another Record on the Books The S&P/TSX Composite closed at a fresh all-time high on Monday, June 15, topping 35,398 intraday before finishing near the upper end of its range. The index is now up more than 11% year-to-date , the second-best performance among major global indexes tracked through mid-June — behind only Japan's Nikkei (+31%). Monday's rally was broad-based, fuelled by a surge in risk appetite following the announcement of a U.S.–Iran peace framework over the weekend. Energy, financials, and materials all participated, though energy stocks gained somewhat less than the others as crude oil prices simultaneously fell sharply on the Strait of Hormuz reopening news — a rare case where the same headline pushed the index up and one ...
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Safeguarding Your Wealth in a Rising Interest Rate Market


Protect your money

Diversify Your Investments

As interest rates begin to rise, safeguarding your wealth becomes a crucial priority. One effective strategy is to diversify your investments. Relying solely on low-yielding assets may leave your portfolio vulnerable to the impact of increasing interest rates. Instead, consider a balanced approach by spreading your investments across various asset classes, such as stocks, bonds, real estate, and commodities. Diversification helps reduce risk by minimizing the impact of interest rate fluctuations on any single asset. Stocks tend to perform well in a growing economy, which can counteract the adverse effects of rising interest rates on fixed-income investments like bonds. Additionally, allocating a portion of your portfolio to tangible assets like real estate and commodities can act as a hedge against inflation, which often accompanies higher interest rates. Diversification not only safeguards your wealth but also positions your investments to capitalize on market opportunities in a changing interest rate environment.


Refinance Wisely: Safeguarding Your Wealth in Rising Interest Rates

In a rising interest rate environment, refinancing your loans can be a powerful tool to safeguard your wealth. When interest rates climb, borrowing costs increase, which can burden existing loans with higher monthly payments. However, by refinancing strategically, you can take advantage of lower rates and reduce your debt burden. Start by assessing your current loans, such as mortgages, personal loans, or student loans, and compare them to prevailing interest rates. If you find that interest rates have risen significantly, consider refinancing to lock in lower rates before they climb further. Mortgage refinancing, in particular, can yield substantial savings over the long term. By securing a lower interest rate, you not only lower your monthly payments but also potentially shorten the term of the loan, enabling you to build equity faster. Refinancing wisely can free up more disposable income, allowing you to allocate funds to other investments or savings, ultimately protecting and growing your wealth despite the challenging interest rate environment.

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