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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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Youth-Led March in Montreal Revives Quebec Independence Debate

 

        Hundreds of Montrealers join march calling for Quebec independence.

Hundreds of Montrealers filled the streets on Saturday, marking the 30th anniversary of the 1995 Quebec referendum with a spirited march for independence. Organized by OUI Québec and the Société Saint-Jean-Baptiste de Montréal, the demonstration highlighted a renewed push for sovereignty, this time led largely by younger generations.

Camille Goyette-Gingras, president of OUI Québec, said the movement has shifted since the 1990s. “Gen Z is looking for systemic change, and for them, independence is exactly that,” she explained. Unlike past efforts driven by political parties, today’s campaign is described as a citizen-led, non-partisan movement.

The marchers carried Quebec flags and chanted slogans calling for a new referendum, reflecting optimism that sovereignty could return to the political agenda. The event also served as a reminder of the razor-thin margin of the 1995 vote, when federalists prevailed with just 50.58 per cent support.

With the Parti Québécois currently leading in polls and aiming for another referendum by 2030, Saturday’s march underscored how the independence question remains alive — and increasingly energized by a new generation of Quebecers.


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