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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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Wall Street Futures Sink as Fed Rate-Cut Hopes Fade

U.S. stock futures tumbled Friday, extending the market’s steepest sell-off in over a month as investors reassessed the likelihood of a Federal Reserve rate cut in December. Dow Jones futures slipped about 0.6%, S&P 500 futures fell nearly 1%, and Nasdaq 100 futures dropped more than 1.2%.

The downturn follows Thursday’s bruising session, where all three major indexes logged their sharpest one-day declines in weeks. Tech stocks led the retreat, with Tesla sliding 4% in premarket trading and Nvidia down another 3%. Concerns over lofty valuations in artificial intelligence and Big Tech have fueled a shift toward safer sectors.

Investor sentiment has soured as Fed officials adopt a more hawkish tone, signaling caution on policy easing. Traders now see less than a 50% chance of a quarter-point rate cut next month, a sharp drop from expectations earlier this fall.

The gloomy outlook underscores the fragile balance between hopes for monetary relief and fears of persistent inflation. With Wall Street bracing for more volatility, analysts warn that the coming weeks could test investor confidence across equities, particularly in high-growth sectors.


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