Skip to main content

Featured

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 ...

article

Blazes at the Cottage Door: Kawartha Lakes Faces Heightened Wildfire Risk

Boats pass through the lock on the Trent–Severn Waterway in Bobcaygeon, Ont., as wildfires burn nearby in Kawartha Lakes on Wednesday.


Kawartha Lakes Under Threat as Wildfires Encroach on Ontario’s Cottage Country

The serene heart of Ontario’s cottage country, beloved by Toronto families for its tranquil lakes and pine-lined shores, is now under a shroud of smoke. Wildfires burning in surrounding forests have pushed dangerously close to seasonal communities, prompting warnings from provincial emergency officials.

In recent days, hot, dry conditions coupled with strong winds have accelerated the fire’s spread. Several access roads have been restricted, and local fire crews are working tirelessly to protect homes, docks, and treasured landscapes.

Authorities have advised cottagers and residents to stay alert, prepare evacuation kits, and monitor official alerts as conditions can change rapidly. Environmental experts warn that rising summer temperatures and persistent drought conditions are increasing the frequency and intensity of wildfires across the province.

While the Kawartha Lakes region has faced seasonal challenges before, this year’s threat is a sobering reminder of nature’s volatility — and the resilience required to protect the places people love most.


Comments