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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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Toronto Highrise Fire Leaves Hundreds Without Homes Amid Uncertain Timeline

Fire crews are still on scene of a blaze in two connected apartment buildings in Thorncliffe Park but it's not extinguished yet.

Residents of two Toronto apartment towers remain displaced after a stubborn and complex fire forced the evacuation of hundreds of units late last week. Fire crews have been battling the blaze at 11 Thorncliffe Park Drive and 21 Overlea Boulevard since Thursday, but officials say there is still no timeline for when residents will be able to return.

The fire, described by Toronto Fire Chief Jim Jessop as one of the most complex incidents in the city’s history, has proven difficult to extinguish because it is burning inside insulation trapped between the walls of the two highrise buildings. At its peak, crews detected dangerously high levels of carbon monoxide, prompting the evacuation of all 378–408 units across the towers. Thankfully, no injuries have been reported.

Acting Division Commander Robert Hewson noted that firefighters have been “actively fighting a stubborn fire” for days, with progress slowed by the hidden pockets of smouldering material. More than 100 residents have been placed in nearby hotels with support from the Red Cross and the City of Toronto, while others are relying on friends and family for shelter.

Officials continue to investigate the cause of the fire, but for now, displaced residents face an indefinite wait. Many have described the situation as “chaotic” and stressful, as they remain uncertain about when — or how — they will be able to return home.


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