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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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Tragedy in Colombian Politics: Presidential Hopeful Miguel Uribe Dies After Rally Shooting

 

                                Colombian presidential candidate Miguel Uribe was shot during a campaign rally June 7.


Miguel Uribe Turbay, a prominent Colombian senator and presidential hopeful, has died at age 39, two months after being critically wounded in a shooting at a campaign rally in Bogotá on June 7.

Uribe, a rising figure in the right-wing Democratic Center party, was shot in the head while delivering a speech. Despite undergoing multiple surgeries and showing signs of recovery in July, his condition deteriorated over the weekend due to a hemorrhage in his central nervous system. His wife, María Claudia Tarazona, confirmed his death early Monday, sharing a heartfelt tribute on social media.

The attack, which authorities say was orchestrated by Elder José Arteaga Hernández—alias “Chipi” or “Costeño”—has reignited fears of political violence in Colombia, a country with a history of assassinations targeting presidential candidates during the 1980s and 1990s.

Uribe’s death marks a painful chapter in a family already scarred by violence. His mother, journalist Diana Turbay, was killed in 1991 during a failed rescue mission after being kidnapped by the Medellín Cartel. His maternal grandfather, Julio César Turbay, served as Colombia’s president from 1978 to 1982.

Known for his sharp criticism of President Gustavo Petro’s administration, Uribe had announced his intention to run in the 2026 presidential election. His political career began early—elected to Bogotá’s city council at 25 and later serving as the city’s government secretary. In 2022, he won a Senate seat with the slogan “Colombia First.”

His death has drawn widespread condemnation and mourning across Colombia. Former President Iván Duque called Uribe “an upright and transparent leader” and vowed that the country would not surrender to the criminals responsible.

Uribe leaves behind a wife and children, and a legacy of political courage in the face of adversity.


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