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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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Gaza’s Future in Question as U.S. Peace Plan Stalls

 

A Palestinian man rides on a cart pulled by a donkey near a concrete block (back) marking the "Yellow Line" drawn by the Israeli military in Bureij, central Gaza Strip, on November 4, 2025


The prospect of Gaza’s partition is increasingly being discussed as the U.S.-backed peace initiative struggles to gain traction. Formerly touted as a pathway to stability, the plan has faltered amid political disagreements, regional tensions, and skepticism from both Palestinian and Israeli leaders.

Analysts warn that the absence of progress could deepen divisions within Gaza, potentially leading to a fragmented governance structure that undermines hopes for a unified Palestinian state. Humanitarian concerns also loom large, as stalled negotiations risk prolonging the hardships faced by civilians in the region.

While Washington continues to push for dialogue, the lack of consensus highlights the fragility of the current framework. Observers suggest that unless a new approach is adopted, the risk of partition may become more than a theoretical possibility—it could reshape the political landscape of the Middle East.


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