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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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Ceasefire Restored as Israel Resumes Aid to Gaza After Deadly Strikes

 

A general view of the site of an Israeli airstrike that targeted a residential compound housing employees of the Palestine Media Production Company, according to the civil defense, in Zawaida in the central Gaza Strip, October 19, 2025. 


The Israeli military announced on Sunday that a ceasefire in Gaza has resumed following a wave of airstrikes that killed at least 26 people. The strikes came after two Israeli soldiers were killed in an attack that Israel blamed on Hamas, prompting what it described as a “forceful” response.

According to local health officials, the airstrikes hit multiple sites across Gaza, including areas sheltering displaced families, intensifying the humanitarian crisis. Israel said its targets included Hamas command centers, tunnels, and weapons depots.

Despite the escalation, Israel confirmed that aid deliveries into Gaza would restart on Monday, following pressure from the United States to uphold the U.S.-brokered truce. President Donald Trump stated that the ceasefire remains in place, while suggesting that Hamas leadership may not have been directly involved in the violations.

The renewed violence marks the most serious test of the fragile truce agreed earlier this month, raising concerns over whether the ceasefire can hold amid ongoing tensions.


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