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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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Canada Triumphs Over U.S. in Thrilling 4 Nations Final: PM Trudeau Celebrates Victory

 

In a nail-biting showdown at the 4 Nations championship, Team Canada secured a thrilling overtime victory over the United States. The match, which ended with a golden goal by Connor McDavid, saw Canada clinch the title in dramatic fashion.

Canadian Prime Minister Justin Trudeau, celebrating the win, made a pointed statement directed at U.S. President Donald Trump: "You can’t take our country — and you can’t take our game." Trudeau's comment was seen as a subtle jab at Trump, highlighting the rivalry and camaraderie between the two nations.

The victory was not just a win on the ice but also a moment of national pride for Canadians, who cheered loudly for their team. The atmosphere was electric, with fans and players alike reveling in the hard-fought win.

This win marks a significant achievement for Team Canada and serves as a reminder of the strong spirit and determination that defines Canadian sportsmanship.




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