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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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Canada Set for a ‘December to Remember’ as Winter Arrives Abruptly

                A resident uses a snow blower to clear a drive way in Cremona, Alta., Monday, Nov. 24, 2025.

The Weather Network is warning Canadians to brace themselves for a sharp and memorable start to winter. After an unusually warm autumn, meteorologists say December will bring blasts of frigid Arctic air, plunging temperatures and delivering a more traditional Canadian winter.

According to the seasonal outlook, most regions will experience near or colder-than-normal temperatures, along with near or above-normal snowfall. This marks a dramatic shift from the balmy fall months, when much of the country—from the Rockies to the Maritimes—enjoyed weather that felt more like summer than autumn.

Meteorologist Doug Gillham explained that the arrival of Arctic air will be a defining feature of the season, signaling the end of mild weather patterns. The Weather Network’s forecast suggests that December will serve as a turning point, ushering in snowier commutes, colder nights, and a holiday season wrapped in true winter conditions.

For winter enthusiasts, this abrupt transition may be welcome news, as ski resorts and outdoor activities are expected to benefit from the early snow. But for many Canadians, it will mean preparing for icy roads, heavier snowfalls, and the challenges of a long, cold season.

In short, December 2025 is shaping up to be a month that lives up to its billing—a “December to remember”—as Canada braces for the full force of winter.

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