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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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New Delhi Shuts Down Schools and Construction Amid Severe Air Pollution Crisis

The Indian capital has been enveloped in a thick, toxic smog, prompting authorities to take drastic measures as air pollution levels soared to their worst this season. The city’s air quality index (AQI) reached a hazardous 481, far exceeding the World Health Organization’s recommended safe limit.

In response, the Delhi government has closed schools, halted all construction activities, and banned non-essential trucks from entering the city. Only students in grades 10 and 12 will continue with physical classes, while others will switch to online learning.

The severe pollution is attributed to a combination of factors, including the burning of crop residue by farmers in neighboring states, emissions from vehicles, and industrial activities. The colder temperatures have also contributed by trapping pollutants close to the ground.

Authorities have implemented stage 4 of the Graded Response Action Plan (GRAP), which includes the strictest curbs to mitigate the pollution. Residents, especially children and the elderly, are advised to stay indoors as much as possible.

Despite the hazardous conditions, many residents continue their daily routines, with some expressing frustration over the recurring issue. “Everyone has a sore throat,” said Sanjay Goel, a local shopkeeper. "They should ban crop residue burning … it’s just smoke everywhere".

As the city grapples with this environmental crisis, the need for long-term solutions to combat air pollution becomes increasingly urgent.








The Indian capital has been enveloped in a thick, toxic smog, prompting authorities to take drastic measures as air pollution levels soared to their worst this season. The city’s air quality index (AQI) reached a hazardous 481, far exceeding the World Health Organization’s recommended safe limit12.

In response, the Delhi government has closed schools, halted all construction activities, and banned non-essential trucks from entering the city. Only students in grades 10 and 12 will continue with physical classes, while others will switch to online learning23.

The severe pollution is attributed to a combination of factors, including the burning of crop residue by farmers in neighboring states, emissions from vehicles, and industrial activities. The colder temperatures have also contributed by trapping pollutants close to the ground4.

Authorities have implemented stage 4 of the Graded Response Action Plan (GRAP), which includes the strictest curbs to mitigate the pollution. Residents, especially children and the elderly, are advised to stay indoors as much as possible4.

Despite the hazardous conditions, many residents continue their daily routines, with some expressing frustration over the recurring issue. “Everyone has a sore throat,” said Sanjay Goel, a local shopkeeper. "They should ban crop residue burning … it’s just smoke everywhere"4.

As the city grapples with this environmental crisis, the need for long-term solutions to combat air pollution becomes increasingly urgent.

1: MSN 2: India TV News 3: Yahoo News 4: ABC News


Would you like to know more about the measures being taken to address air pollution in New Delhi?

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