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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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Trump's Controversial Plan for Gaza Sparks Global Outrage

In a stunning announcement, former U.S. President Donald Trump proposed a bold plan to take over the Gaza Strip and transform it into the "Riviera of the Middle East." During a joint press conference with Israeli Prime Minister Benjamin Netanyahu, Trump outlined his vision to **displace over two million Palestinians** and develop the war-torn region into a luxurious tourist destination.

The proposal has drawn widespread condemnation from global leaders and human rights organizations. Critics argue that the plan would lead to a bloody occupation and further destabilize the already volatile region. Palestinian leaders have expressed revulsion, calling the plan a violation of international law and an attempt to erase Palestinian identity.

The international community remains divided on the feasibility and morality of Trump's vision, with many fearing it could ignite new conflicts in the Middle East. As the debate continues, the world watches closely to see how this controversial proposal will unfold.



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