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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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Winter’s Arrival: Toronto Prepares for Sunday Snowfall

                                            Toronto snow.

Toronto is under a special weather statement as forecasters predict 2 to 10 cm of snow across the Greater Toronto Area beginning Sunday morning and continuing into the evening. The system is expected to bring a mix of rain and snow, with temperatures hovering near freezing, raising the possibility of slippery roads and transit delays.

The Toronto Transit Commission (TTC) has already begun winter preparations, including salting platforms and readying snow-clearing equipment. Commuters are advised to plan ahead, as the first snowfall often leads to slower service and longer travel times.

Poor driving conditions are likely, especially for those who have not yet switched to winter tires. Motorists are urged to adjust travel plans and allow extra time on the roads.

This marks the first significant snowfall of the season for Toronto, signaling the transition into colder, unsettled weather. While some areas closer to Lake Ontario may see lighter accumulation, inland regions could experience heavier snow.

Residents are encouraged to bundle up, prepare for icy sidewalks, and keep an eye on updated forecasts as the city braces for winter’s arrival.



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