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Weekly Market Snapshot: TSX Hits Record High, Then Retreats as Fed Shocks Markets

  Week of June 16–20, 2026  |  Published June 20, 2026 It was a week of records and reversals for Canadian investors. The TSX touched an all-time high midweek before a hawkish surprise from the U.S. Federal Reserve and falling oil prices — triggered by the U.S.–Iran interim peace deal — pulled markets lower into Thursday's close. Here's everything that moved the needle for your portfolio and wallet this week. 📊 Weekly Market Scorecard Index / Asset Level (June 19 Close) Week Change S&P/TSX Composite 34,857 ▼ Mixed (high: 35,629 Wed.) S&P 500 (USD) 7,500.58 ▲ +1.08% (Wed.) Dow Jones (USD) 51,564.70 ▲ +0.14% (Wed.) Nasdaq (USD) 26,517.93 ▲ +1.91% (Wed.) WTI Crude Oil (USD/barrel) ~$76.54 ▼ Sharp weekly decline Gold (USD/oz) ~$4,157 ▼ Fell on hawkish Fed CAD/USD (Loonie) ~$0.7068 ▼ Under pressure Note: U.S. markets were closed Friday, June 20, for the Juneteenth National Independence Day holiday. TSX figures reflect Thursday's close. 🇨🇦 TSX: A Record High That Did...
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Israeli Strikes Kill 19 in Gaza Amid Ceasefire Negotiations


 In a tragic escalation of violence, Israeli airstrikes across Gaza resulted in the deaths of 19 people overnight, including a woman and her six children. These strikes occurred just as U.S. Secretary of State Antony Blinken arrived in the region to push forward ceasefire talks.

The situation remains tense, with months of contentious negotiations preceding this critical moment. Blinken’s visit aims to seal a ceasefire deal and bring an end to the hostilities that have plagued the area. However, the loss of innocent lives underscores the urgency of finding a peaceful resolution.

As the international community watches closely, hopes are pinned on diplomatic efforts to prevent further bloodshed and pave the way for lasting peace.


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