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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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Wall Street Pauses as Hot Producer Prices Test Fed Rate-Cut Hopes

 



US stock futures were mixed Thursday morning as investors digested hotter-than-expected producer price data, a key gauge of wholesale inflation. The report arrived just a day after the S&P 500 and Nasdaq notched fresh record closes, fueled by optimism that the Federal Reserve could begin cutting interest rates as early as September.

Futures tied to the Dow Jones Industrial Average, S&P 500, and Nasdaq hovered near the flatline, reflecting investor caution ahead of additional economic releases, including weekly jobless claims. The market’s recent rally has been underpinned by softer consumer price data earlier in the week, which bolstered bets on a rate cut.

However, the hotter PPI reading could complicate the Fed’s decision-making, especially as policymakers weigh inflation trends against signs of a cooling labor market. Treasury yields edged lower, while major tech names traded slightly higher in premarket action.

With retail sales data due Friday, traders are bracing for more clues on the economy’s trajectory — and whether the Fed will stick to the anticipated easing path.

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