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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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Putin Asserts Russia’s Capability to Conclude Ukraine Conflict


Russian President Vladimir Putin has declared that Russia possesses the necessary strength and resources to bring the ongoing war in Ukraine to its desired conclusion. In a recent interview, Putin emphasized that while Russia has the means to achieve its objectives, he hopes that nuclear weapons will not be required.

The conflict, which began in February 2022, has resulted in significant casualties and geopolitical tensions. Western leaders, including former U.S. President Joe Biden, have condemned the invasion as an imperial-style land grab, while Putin has framed it as a pivotal moment in Russia’s relations with the West. The Kremlin has maintained that the war is a response to NATO’s expansion and Western interference in Moscow’s sphere of influence.

Despite ongoing diplomatic efforts, including U.S. President Donald Trump’s push for a resolution, the Kremlin has indicated that a swift peace deal remains unlikely due to the complexity of the situation. As the war continues, global leaders remain divided on the path forward, with concerns about escalation and the broader implications for international stability.

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