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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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Khabib Nurmagomedov Removed from Flight: Frontier Airlines Faces Backlash

 

UFC legend Khabib Nurmagomedov was recently removed from a Frontier Airlines flight following a dispute over his seat. The incident, which took place at Harry Reid International Airport in Las Vegas, has sparked significant criticism online, with many calling it a "most embarrassing airline" moment.

In a video that went viral, Nurmagomedov is seen calmly explaining to a flight attendant that he speaks English and is willing to assist in case of an emergency. Despite this, the airline staff insisted he move from his seat in the exit row. When Nurmagomedov refused, he was escorted off the plane.

Nurmagomedov took to social media to share his side of the story, stating that the crew member was "very rude from the very beginning". He also questioned whether the decision was based on racial or national bias. The video and Nurmagomedov's post have garnered widespread support from fans and fellow athletes, who criticized Frontier Airlines for their handling of the situation.

Frontier Airlines has since responded, stating that they are investigating the incident. The airline's reputation has taken a hit as social media users continue to express their disappointment and call for better treatment of passengers.

This incident highlights the importance of respectful and fair treatment of all passengers, regardless of their background or status. As the investigation continues, many are hoping for a resolution that addresses the concerns raised and prevents similar incidents in the future.




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