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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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Don Davies Appointed Interim Leader of NDP Amid Party Transition

 

In a significant shift for the New Democratic Party (NDP), British Columbia MP Don Davies has been appointed as the interim leader following the resignation of Jagmeet Singh. The decision was made by the party’s federal council, which convened after the NDP’s disappointing performance in the recent federal election.

Davies, who previously served as the party’s health critic, played a key role in negotiating dental care and pharmacare legislation with the Liberal government. His leadership comes at a critical time, as the NDP faces challenges after losing official party status, with only seven seats remaining in the House of Commons.

The party has yet to determine the rules and timing for a leadership contest to select a permanent leader. In the meantime, Davies is expected to focus on rebuilding support, strengthening party infrastructure, and advocating for core NDP policies, including public health care, affordable housing, and fair taxation.

With the NDP at a crossroads, Davies’ leadership will be instrumental in shaping the party’s future direction and strategy. His experience and commitment to progressive policies may help the party regain momentum in the coming months.


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