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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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Swedish Royals Return to Canada After Nearly Two Decades

 

Sweden King Carl XVI Gustaf, left, and Queen Silvia of Sweden attend a group photo during the COP30 U.N. Climate Summit in Belem, Brazil, Friday, Nov. 7, 2025. 


The Swedish royal family has arrived in Ottawa today, marking their first official visit to Canada since 2006. King Carl XVI Gustaf, Sweden’s longest-reigning monarch, and Queen Silvia are embarking on a three-day state visit that will include stops in both Ottawa and Montreal.

The royal couple was formally welcomed at Rideau Hall this morning by Canadian dignitaries, including Chief Justice Richard Wagner. Their itinerary features a wreath-laying ceremony at the Tomb of the Unknown Soldier, as well as meetings with Prime Minister Mark Carney and other Canadian officials.

This visit is not only ceremonial but also strategic. The Swedish delegation includes top government ministers such as Industry Minister Ebba Busch and Defence Minister PÃ¥l Jonson, along with representatives from dozens of Swedish companies. The trip is expected to strengthen ties between Canada and Sweden in areas such as trade, defence, climate action, and innovation.

The Swedish Royal Court has confirmed that the two nations will launch a new strategic partnership during the visit, focusing on cooperation in defence, green technology, and digital innovation. The presence of Swedish industrial leaders, including representatives from Saab, highlights Canada’s growing interest in European military and aerospace technology.

Beyond politics and business, the visit also emphasizes cultural and people-to-people connections. King Carl XVI Gustaf and Queen Silvia will attend events designed to celebrate the shared values of democracy, sustainability, and innovation that bind Canada and Sweden.

This rare royal visit underscores the importance of Canada-Sweden relations and reflects a renewed commitment to collaboration on global challenges. For Canadians, it is a chance to welcome back the Swedish monarchs after nearly twenty years and to witness the strengthening of an international partnership that spans diplomacy, trade, and cultural exchange.

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