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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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Tragedy at Garrapata Beach: Calgary Father and Daughter Lost to Ocean Waves

A Calgary father died trying to rescue his young daughter from a large wave on Garrapata State Beach, in California.

A heartbreaking incident unfolded on California’s rugged coastline last Friday, when a Calgary family’s trip to Garrapata State Beach ended in tragedy. Yuji Hu, a 39-year-old father from Calgary, and his young daughter were swept into the Pacific Ocean by a powerful six-metre wave while visiting the beach with his wife and two children.

Authorities say the wave suddenly dragged the girl into the water. Hu and his wife rushed to save her, but both were pulled in by the surf. While Hu’s wife managed to make it back to shore, Hu and his daughter were carried farther out. A beachgoer and an off-duty California park officer pulled Hu from the water and attempted resuscitation, but he later died. The girl’s body was located by divers two days later.

Officials described the waves as 15 to 20 feet high (4.5 to 6 metres) at the time, emphasizing the dangers of the area’s unpredictable surf. California State Lifeguards issued reminders that Garrapata’s coastline is notoriously hazardous, urging visitors to exercise extreme caution.

The tragedy has shaken both the Calgary community and those in Monterey County, California. Local authorities expressed condolences, noting the devastating impact on the family. The incident serves as a sobering reminder of the ocean’s power and the risks posed by rogue waves along the Pacific coast.


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