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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 Reframes Ties with China as Strategic Partnership

Foreign Affairs Minister Anita Anand rises during Question Period on Parliament Hill in Ottawa, Thursday, Oct. 9, 2025. 



Canada is shifting its diplomatic stance toward China, with Foreign Affairs Minister Anita Anand declaring that the two countries are now engaged in a “strategic partnership”.

The announcement marks a notable change from just three years ago, when Ottawa labeled Beijing a “disruptive global power.” Anand emphasized that the new approach is not about ignoring challenges, but about ensuring dialogue continues even when disagreements arise.

“It’s necessary for us to lay the foundation, if we are going to find areas where we can further co-operate,” Anand said, stressing that Canada must balance its economic and security interests while addressing issues of concern.

Her remarks followed a series of high-level meetings in Asia, including talks with Chinese officials in Beijing. The discussions touched on trade, energy, health, and environmental cooperation, while also acknowledging ongoing disputes such as tariffs and market access.

The recalibration comes as Prime Minister Mark Carney prepares for his first official trip to Asia, signaling Ottawa’s intent to strengthen its role in the region.


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