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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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Russian Missile and Drone Attack Strikes Multiple Targets in Ukraine, Including Kyiv


In the early hours of Tuesday, Russia launched a significant aerial attack on Ukraine, targeting the capital city of Kyiv and several other regions with a barrage of missiles and drones. The Ukrainian air force reported a ballistic missile threat at 3:00 a.m., followed by at least two explosions in Kyiv minutes later. Another missile alert was issued at 8:00 a.m., with at least one explosion reported in the city.

Missile debris fell in the Darnytskyi district of Kyiv, but there were no immediate reports of casualties or damage. In the northeastern Sumy region, authorities reported strikes near the city of Shostka, where 12 residential buildings and two educational facilities were damaged. The Russian Defense Ministry claimed that its forces successfully struck a Ukrainian air base and a gunpowder factory.

The nearly three-year conflict has seen significant destruction of Ukraine's energy infrastructure, leading to widespread rolling electricity blackouts. Despite the provision of air defense systems by Kyiv's Western allies, Russia has continued to overwhelm Ukraine's defenses with combined strikes involving large numbers of missiles and drones.

As the conflict continues, uncertainty looms over its future course, especially with U.S. President-elect Donald Trump set to take office next month. President Joe Biden recently announced an additional $2.5 billion in weapons aid to Ukraine, aiming to bolster Kyiv's defenses before the transition of power.

The situation remains tense as both sides continue to engage in aerial and ground attacks, with no clear resolution in sight.

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