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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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U.S. Envoys in Israel to Reinforce Shaky Gaza Truce

 Israel launched a wave of strikes on Gaza after accusing Palestinian militants of attacking its forces.

U.S. Special Envoy Steve Witkoff and presidential adviser Jared Kushner arrived in Israel on Monday to help stabilize a fragile ceasefire between Israel and Hamas. Their visit comes after a weekend of deadly clashes that threatened to derail the U.S.-brokered truce, part of President Donald Trump’s broader Gaza peace initiative.

The ceasefire, just over a week old, faced its first major test when two Israeli soldiers were killed in Rafah, prompting Israeli airstrikes across Gaza. Prime Minister Benjamin Netanyahu accused Hamas of violating the agreement and temporarily halted humanitarian aid deliveries, though crossings were reopened on Monday.

Witkoff and Kushner met with Netanyahu to discuss the next phase of the peace plan and to urge both sides to uphold their commitments. Despite the violence, both Israel and Hamas have signaled they remain committed to the truce, while U.S. officials expressed hope that their presence would help prevent further escalation and keep the peace process on track.



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