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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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Gold’s Record-Breaking Rally: Why Investors Are Rushing to the Yellow Metal

 

Gold prices have soared to unprecedented levels in 2025, crossing $4,300 per ounce and marking one of the strongest rallies in decades. Several key factors are fueling this surge:

  • Economic Uncertainty: Persistent concerns over global growth, U.S. regional banking stability, and the prolonged government shutdown have driven investors toward gold as a safe-haven asset.
  • Inflation Hedge: With inflationary pressures lingering, gold remains a trusted store of value, protecting wealth against currency erosion.
  • Central Bank Buying: Central banks worldwide have been steadily increasing their gold reserves, reducing reliance on the U.S. dollar and boosting demand.
  • Geopolitical Tensions: Rising frictions between major economies, particularly the U.S. and China, have heightened investor anxiety, further strengthening gold’s appeal.
  • Weaker Dollar: A softer U.S. dollar has made gold more attractive to foreign buyers, amplifying demand.

Despite record-high prices, demand remains resilient. In markets like India, where gold is deeply tied to cultural traditions, buyers are shifting toward lighter jewelry and coins to adapt to higher costs.

Looking ahead, analysts suggest that unless global stability improves, gold’s upward momentum could continue, cementing its role as the ultimate hedge in uncertain times.


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