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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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Uncertainty Looms as Israel and Hamas Clash Over Ceasefire, Rafah Crossing Still Shut

Palestinians walk past the rubble of destroyed buildings, amid a ceasefire between Israel and Hamas, in Gaza City, on Thursday.

Tensions remain high as Israel and Hamas continue to accuse each other of violating the fragile U.S.-mediated ceasefire, leaving the reopening of Gaza’s Rafah crossing with Egypt in limbo.

Israel has stated that preparations are underway to reopen the crossing, but no date has been set. Officials in Tel Aviv insist that Hamas has failed to meet its obligations, particularly regarding the return of the bodies of hostages who died in captivity. Hamas, however, claims it has already handed over several remains and accuses Israel of breaching the truce by continuing military operations that have left dozens dead.

The Rafah crossing, a vital lifeline for Palestinians seeking to leave Gaza or receive aid, has become a focal point of the dispute. Humanitarian groups warn that prolonged closure will worsen the already dire conditions in the enclave. Meanwhile, international mediators are pressing both sides to uphold the ceasefire terms and prevent a collapse of the fragile truce.

The stalemate underscores the deep mistrust between Israel and Hamas, with the fate of hostages, humanitarian access, and Gaza’s future governance all hanging in the balance.


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