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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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Tragedy at Sea: Migrant Boat Sinks Off Lesbos, Leaving Four Dead

 

At least four migrants lost their lives after a boat sank off the Greek island of Lesbos, according to the country’s coastguard. Seven survivors were pulled from the water, while search-and-rescue operations continued amid uncertainty over how many people were originally on board.

The incident marks the second fatal shipwreck involving migrants near Lesbos this month, highlighting the ongoing dangers faced by those attempting the perilous crossing from Turkey to Greece. Strong winds complicated rescue efforts, and officials noted that communication with survivors was difficult, as many did not speak English.

Lesbos has long been a frontline in Europe’s migration crisis. During 2015–2016, more than a million people fleeing war and poverty in the Middle East and Africa arrived on Greek shores. Although arrivals had slowed in recent years, a resurgence of crossings has been reported, prompting Greece to tighten migration rules.

This latest tragedy underscores the deadly risks migrants continue to face in their search for safety and a better life.

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