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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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Mark Carney to Contest Nepean Seat in Upcoming Election

Mark Carney, the leader of the Liberal Party and former governor of the Bank of Canada, has announced his candidacy for the Ottawa riding of Nepean in the upcoming federal election. This decision follows the party's recent revocation of Chandra Arya's nomination, who has represented the riding since 2015. Carney's move to run in Nepean places him in close proximity to Conservative Leader Pierre Poilievre, who is seeking re-election in the neighboring riding of Carleton. The election is set to take place on April 28, marking a pivotal moment in Canadian politics. 

Carney's candidacy is expected to bring significant attention to the Nepean riding, as he aims to secure a seat in the House of Commons while leading the Liberal Party's campaign.

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