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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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Tariff Tipping Point: Trump Unleashes Reciprocal Tariffs

 

In a dramatic escalation of trade tensions, President Donald Trump declared today that reciprocal tariffs are set to take effect. Speaking in an emphatic post on his social media platform, Trump proclaimed, "Today is the big one: reciprocal tariffs!" The announcement signals that the administration will match any tariffs imposed on U.S. imports by other nations—a move aimed at leveling the playing field for American manufacturers.

While details remain sparse, the president hinted that the new policy will target countries that levy higher duties on U.S. goods, a tactic intended to protect domestic industries and generate additional government revenue. Economists, however, warn that such measures may ultimately burden American consumers with higher prices and disrupt global supply chains.

Market watchers are already anticipating swift retaliatory responses from key trading partners such as China, Canada, and Mexico. As the global trade landscape braces for further volatility, investors and businesses alike are keeping a close eye on the unfolding tariff war, which could signal a new chapter in U.S. trade policy.

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