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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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Zelenskiy Faces Political Storm Amid Russian Glee

Russia has reacted with satisfaction to a heated confrontation between Ukrainian President Volodymyr Zelenskiy and U.S. President Donald Trump in the White House. The clash, described as a "brutal dressing down" by former Russian President Dmitry Medvedev, has been seized upon by Moscow as evidence of Zelenskiy's waning political standing. Russian officials, including Medvedev and Foreign Ministry spokeswoman Maria Zakharova, have used the incident to call for an end to U.S. military aid to Ukraine, portraying Zelenskiy as an unstable leader.

The confrontation has raised concerns among Ukraine's allies in Europe, who fear that the growing rapport between Moscow and Washington under Trump could undermine Ukraine's security. Zelenskiy, who has been a central figure in Ukraine's defense against Russian aggression, now faces increased pressure both domestically and internationally.



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