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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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Starvation in Gaza: Aid Workers and Civilians Face Dire Crisis Under Israeli Siege

 

The humanitarian crisis in Gaza has reached a devastating new low as Israel’s ongoing siege continues to choke off vital supplies, leaving both civilians and aid workers scrambling for food. With borders sealed and humanitarian convoys blocked or severely restricted, the population is facing acute shortages of essentials like flour, rice, and clean water.

Aid workers, once the lifeline for Gaza’s vulnerable communities, now find themselves in the same breadlines as those they serve. Relief organizations report that their staff are going without meals, unable to distribute food that simply isn’t arriving. The situation has deteriorated to the point where some families are surviving on one meal a day, often consisting of little more than boiled weeds or scraps.

International calls for a ceasefire and the opening of humanitarian corridors have intensified, but diplomatic efforts have yet to yield meaningful change. As the siege drags on, the risk of widespread famine looms large, threatening not only immediate survival but long-term health and stability in the region.

The crisis underscores the urgent need for global intervention—not just to end the blockade, but to restore dignity and hope to a population teetering on the edge of catastrophe.

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