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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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Quebec Pushes Secularism Further with Ban on Prayer Rooms



The Quebec government is preparing to introduce a new bill that would ban prayer rooms in public institutions, including universities and CEGEPs. The legislation, led by Secularism Minister Jean-François Roberge, is intended to reinforce the province’s commitment to keeping religion separate from public spaces.

The proposed bill goes beyond prayer rooms. It also seeks to restrict religious-based meals in public institutions, expand bans on face coverings in subsidized daycares, and prohibit the use of religious symbols in official communications. These measures build on the controversial Bill 21, passed in 2019, which barred certain public employees from wearing religious symbols while at work.

Students at Concordia University, where the prayer room is used by hundreds daily, have voiced concerns that the ban unfairly targets Muslim communities and will force them to find alternative spaces for worship. Critics warn that the legislation risks marginalizing religious minorities and undermining inclusivity in Quebec’s education system.

Supporters of the bill argue that it is a logical extension of Quebec’s secular model, designed to ensure neutrality in public institutions. Premier François Legault has previously stated that public spaces should not be used for religious practices, reinforcing the government’s stance on keeping faith private.

The bill is expected to spark heated debate in Quebec, where secularism has long been a defining political issue. If passed, it will mark another significant step in reshaping the province’s relationship between religion and public life.

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