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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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Israel Draws Red Line on Turkish Troops in Gaza Under U.S. Ceasefire Plan

                                            Israeli Foreign Minister Gideon Saar

Israel has firmly rejected the possibility of Turkish armed forces being deployed in Gaza as part of a U.S.-backed international stabilization plan. Foreign Minister Gideon Sa’ar stated during a press conference in Budapest that while Washington has been in talks with several countries—including Turkey, Indonesia, Egypt, Qatar, and the UAE—about contributing troops, Israel will not accept Ankara’s involvement.

The multinational force is envisioned as a key element of U.S. President Donald Trump’s proposal to secure a fragile ceasefire and bring an end to years of conflict in the Palestinian territory. However, Israel insists it must have the final say on which foreign forces are permitted to operate in Gaza, citing strained relations with Turkey and concerns over its regional ambitions.e deep rift between Israel and Turkey, whose ties have deteriorated sharply during the Gaza war. While the U.S. continues to push for international participation, it remains unclear which nations will commit troops to the mission.


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