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Markets Digest Iran Peace Progress and Fed Rate-Hike Risk — June 22, 2026

  Markets are easing into a cautious start this Monday as investors return from a long weekend — U.S. markets were closed Friday for Juneteenth — and assess a mixed backdrop: tentative optimism over U.S.–Iran peace talks, a newly hawkish Federal Reserve, and a key week of economic data and earnings ahead. Oil is steadying, the Canadian dollar is under modest pressure, and Asian markets rallied while European and U.S. futures drifted slightly lower in early trading. 🍁 Canada — TSX & the Loonie The S&P/TSX Composite Index heads into Monday trading with a cautious tone, sitting near the 34,857 level after slipping 0.32% on Thursday — the last day Canadian markets were open. Energy stocks will be in focus as oil prices stabilize following weeks of volatility tied to the U.S.–Iran conflict and the partial reopening of the Strait of Hormuz. The Canadian dollar is trading at approximately 70.52 cents U.S. (CAD/USD: 0.7052), down about 0.22% on the session. The loonie remains und...
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Syria's Assad Falls: Celebrations Erupt as President's Whereabouts Remain Unknown

 


In a stunning turn of events, Syrian opposition fighters have successfully taken control of Damascus, leading to widespread celebrations across the city. The whereabouts of President Bashar al-Assad remain unknown, with reports indicating that he has fled the capital.

The rapid advance of rebel groups, including Hayat Tahrir al-Sham, has marked the end of Assad's 13-year rule and the collapse of the Assad family's 50-year dynasty. Crowds gathered in Damascus squares, chanting anti-Assad slogans and honking car horns, as soldiers and police officers abandoned their posts.

Residents expressed a sense of liberation, with many recounting personal losses suffered under Assad's regime. The situation remains fluid, with the international community closely monitoring developments and the United Nations relocating non-critical staff as a precaution.

As Syria enters a new chapter, the future of the country hangs in the balance, with hopes for a peaceful transition and rebuilding.



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