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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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Israel Strikes Hezbollah Targets Deep Inside Lebanon: Escalating Tensions and Aerial Confrontations

In a significant escalation of hostilities, the Israeli Air Force carried out rare strikes on targets deep inside Lebanon. These strikes, which occurred on Monday, have raised concerns and revived tensions in the region. Here are the key details:

  1. The Strikes: Israeli warplanes targeted locations associated with the militant Hezbollah group within Lebanese territory. The strikes were notably deep into Lebanon, near the northeastern city of Baalbek. Residents reported explosions, and at least two people lost their lives in the attacks.

  2. Hezbollah’s Response: The Israeli strikes came shortly after Hezbollah claimed to have shot down an Israeli drone using its air defense system. This incident further heightened the already tense situation along the Lebanon-Israel border.

  3. Context: These strikes mark some of the deepest Israeli military actions within Lebanon since the onset of the Israel-Hamas war more than four months ago. The conflict has been ongoing, and the recent events underscore the volatility of the region.

  4. Cease-Fire Talks: Interestingly, these strikes occurred just a day after Israel’s Defense Minister, Yoav Gallant, vowed to intensify attacks on Hezbollah, even if a cease-fire is reached with Hamas in the Gaza Strip.

As the situation unfolds, the international community closely monitors developments in the Middle East. The delicate balance between regional powers remains precarious, and any further escalation could have far-reaching consequences.


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