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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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UK Urges Stronger Global Backing for Ukraine as Zelenskiy Visits London

Britain's King Charles, Ukrainian President Volodymyr Zelenskiy and Major Ben Tracey inspect a guard of honour at Windsor Castle, Berkshire.

Britain has called on its allies to intensify support for Ukraine as President Volodymyr Zelenskiy arrived in London for high-level talks. Prime Minister Keir Starmer pressed partner nations to agree on using frozen Russian assets to bolster Kyiv’s position in any future peace negotiations.

The UK also urged members of the so-called “Coalition of the Willing” to step up military aid, including providing long-range missiles, while pushing for measures to reduce Russia’s influence on global energy markets.

European Union leaders recently pledged to meet Ukraine’s financial needs over the next two years, though divisions remain over whether frozen Russian funds should be redirected to Kyiv. Zelenskiy’s visit underscores the urgency of securing broader international commitments as Ukraine continues to resist Russian aggression.


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