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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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Tunnel Standoff Threatens Fragile Gaza Ceasefire

           Palestinian Hamas militants attend an anti-Israel rally in Khan Younis, in the southern Gaza Strip

Efforts to solidify a U.S.-brokered ceasefire between Israel and Hamas are facing a serious obstacle: hundreds of Hamas fighters remain trapped in underground tunnels, refusing to surrender. Mediators have been pressing both sides to move forward with the second phase of the truce, but the stalemate over the fighters has become a central sticking point.

The ceasefire, which began last month after two years of devastating conflict, has so far held tenuously. Israel has returned the bodies of several Palestinians, while Hamas has handed over remains of Israeli hostages, signaling incremental progress. Yet the tunnel issue in Rafah threatens to unravel these gains. Hamas appears willing to negotiate safe passage for its fighters in exchange for preserving the truce, but Israel is demanding stricter terms, including possible detention of senior Hamas leaders.

Diplomats warn that unless the standoff is resolved, the fragile truce could collapse. The tunnels, long a hallmark of Hamas’s military strategy, now represent both a tactical liability and a political bargaining chip. For Israel, eliminating them is essential to security; for Hamas, they are a last line of defense. The outcome of this dispute will likely determine whether the ceasefire evolves into a lasting peace or falls apart under pressure.

As negotiations continue, the world watches anxiously, aware that the fate of trapped fighters in Gaza’s tunnels could decide the future of the region’s most fragile peace effort in years.

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