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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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Canada and Ontario Invest $3B in Small Modular Nuclear Reactors

Ontario Power Generation signage is seen facility at the Darlington Power Complex, in Bowmanville, Ont., on May 31, 2019. 

The federal and Ontario governments have announced a joint investment of $3 billion to advance the construction of four small modular nuclear reactors (SMRs) at the Darlington Nuclear Generating Station site in Bowmanville, Ontario.

Prime Minister Mark Carney confirmed Ottawa will contribute $2 billion through the Canada Growth Fund, while Premier Doug Ford said Ontario will provide $1 billion via the Building Ontario Fund. The project, led by Ontario Power Generation, is expected to cost about $21 billion in total.

The Darlington New Nuclear Project has been designated as being in the national interest, allowing for fast-tracked approvals. Earlier this year, the Canadian Nuclear Safety Commission granted a licence to begin construction on the first SMR.

Supporters of the initiative say SMRs will provide reliable, emissions-free electricity, strengthen Canada’s clean energy leadership, and create thousands of jobs. Critics, however, caution about the high costs and long timelines associated with nuclear development.

If completed as planned, the Darlington SMRs would be the first of their kind in Canada, marking a significant step toward diversifying the country’s energy mix and reducing reliance on fossil fuels.


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