Skip to main content

Featured

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 ...
Post a Comment
Read more

article

Labels

Trump Leaves Door Open on USMCA Future During Meeting with Carney

Canadian Prime Minister Mark Carney speaks during a meeting with President Donald Trump at the White House, Tuesday, Oct. 7, 2025, in Washington. 


President Donald Trump struck a cautious but cordial tone during his Oval Office meeting with Canadian Prime Minister Mark Carney, signaling uncertainty over the future of the United States-Mexico-Canada Agreement (USMCA).

Trump suggested that while the trade pact could be renegotiated, he was equally open to pursuing separate bilateral deals with Canada and Mexico. “We could renegotiate it, and that would be good, or we can just do different deals,” he said, adding that the priority was securing “the best deal for this country, and also very much with Canada in mind.”

Carney, making his second White House visit since taking office, pressed for relief from U.S. tariffs on steel, autos, and other key Canadian exports. While Trump praised Carney as a “world-class leader” and emphasized the “mutual love” between the two nations, he also described the U.S.-Canada relationship as one of “natural conflict” due to overlapping industries.

The meeting comes ahead of next year’s scheduled review of the USMCA, a deal critical to Canada’s economy, with more than three-quarters of Canadian exports heading south of the border. Despite the warm personal rapport between the two leaders, no concrete progress was announced on tariffs or the broader trade framework.

For Carney, the visit was as much about optics as outcomes. Analysts noted that simply keeping negotiations alive amid Trump’s unpredictable trade agenda may be considered a modest success.


Labels:

Comments

Post a Comment