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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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Tehran Erupts in Protest Amid Escalating Iran-Israel Tensions

Thousands of demonstrators filled the streets of Tehran on Friday, voicing fierce opposition to Israel and the United States in the wake of ongoing military clashes between Iran and Israel. The protests, which followed Friday prayers, featured chants of “Death to Israel” and “Death to America,” as crowds waved Iranian flags and held aloft images of Supreme Leader Ayatollah Ali Khamenei.

The demonstrations were sparked by recent Israeli airstrikes targeting Iranian military and nuclear sites. In response, Iran launched a barrage of missiles and drones toward Israeli cities, intensifying fears of a broader regional conflict.

Protesters in Tehran were joined by similar rallies across the region, including in Iraq and Lebanon, where Iran-backed groups expressed solidarity with Tehran. Iranian state media described the protests as a show of “rage and victory,” underscoring the country’s defiance in the face of international pressure.

Religious leaders addressing the crowds framed the conflict as a test of national unity and resistance. “Their plans were precise, but their calculations were laughable,” said one cleric, referring to Israel’s military strategy.

As diplomatic efforts continue in Geneva to de-escalate the crisis, the scenes from Tehran reflect a population bracing for what could become a prolonged and volatile confrontation.

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