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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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Syria and Israel to Resume Talks Amid Sweida Crisis

Syrian and Israeli officials have agreed to continue diplomatic talks aimed at de-escalating the conflict in southern Syria, according to state-run Ekhbariya TV. The discussions, mediated by the United States in Paris, come after deadly clashes in the Druze-majority province of Sweida involving Druze fighters, Sunni Bedouin tribes, and Syrian government forces.

Israel intervened with airstrikes, claiming it sought to prevent mass killings of Druze civilians. The Syrian delegation, however, blamed Israel for escalating tensions and warned against imposing new realities on the ground.

The talks were described by a diplomatic source as “honest and responsible,” marking the first official confirmation from Syria that such dialogue had taken place. U.S. envoy Tom Barrack emphasized the importance of opening communication channels and reducing hostilities, noting that both sides expressed willingness to continue negotiations.

The conflict underscores the challenges facing Syria’s interim President Ahmed al-Sharaa, who is attempting to stabilize the country amid shifting alliances and growing international involvement. While no final agreement was reached, the commitment to further dialogue signals a potential path toward easing regional tensions.



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