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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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Justin Trudeau's Political Legacy: A Decade of Change


Prime Minister Justin Trudeau announced his resignation as the leader of the Liberal Party and Prime Minister of Canada, marking the end of nearly a decade in power. His tenure has been characterized by significant policy changes and initiatives that have left a lasting impact on the country.

Legalizing Cannabis: One of Trudeau's most notable achievements was the legalization of cannabis on October 17, 2018. This move not only fulfilled a major campaign promise but also sparked a new industry, with the domestic recreational market now valued in the billions.

Electoral Reform: Despite his success in many areas, Trudeau faced criticism for not fulfilling his promise of electoral reform. He had pledged that the 2015 federal election would be the last to use the first-past-the-post method, but this promise remained unfulfilled.

Reconciliation with Indigenous Peoples: Trudeau's government made significant strides in reconciliation with Indigenous communities. His administration worked to end long-term boil water advisories in First Nations communities and advanced Indigenous rights on the world stage.

Canada Child Benefit: In 2016, the Liberals launched the Canada Child Benefit, which replaced the previous system and provided more targeted support to families in need.

Climate Change Initiatives: Trudeau reaffirmed Canada's commitment to the Paris Climate Agreement and introduced a carbon tax as a measure to combat climate change. These initiatives bolstered Canada's global standing on environmental issues.

Challenges and Criticisms: Trudeau's tenure was not without its challenges. The SNC-Lavalin scandal and unfulfilled campaign promises dented his popularity. Additionally, his economic and environmental policies at times exhibited inconsistencies.

As Trudeau steps down, his legacy will be remembered for both his achievements and the challenges he faced. His tenure has undoubtedly shaped the political landscape of Canada and set a new standard for future leaders.



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