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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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Global Leaders Push for Stronger Trade Ties as Trump Leaves ASEAN Summit

                        Leaders attend the 28th ASEAN Plus Three Summit in Kuala Lumpur, Malaysia


World leaders meeting in Malaysia turned their focus to strengthening economic and trade relations after U.S. President Donald Trump departed the ASEAN summit to continue his Asia tour.

During his visit, Trump oversaw the signing of four regional trade agreements and an expanded ceasefire pact between Cambodia and Thailand. However, the White House confirmed that steep U.S. tariffs on Cambodia, Malaysia, Thailand, and Vietnam remain in place, though some exemptions may be considered.

With Trump en route to Japan, discussions among ASEAN members and global partners shifted toward reinforcing cooperation in the face of ongoing tariff pressures. China, in particular, pressed for more open trade and deeper regional ties, while leaders from Brazil, Canada, and the European Union emphasized the importance of multilateral collaboration.

The summit highlighted both the challenges and opportunities facing Southeast Asia as it navigates between U.S. trade policies and China’s push for greater economic influence.

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