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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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Diplomatic Push Intensifies as U.S. Envoy Heads to Moscow, Zelenskyy Rallies Europe

 

Special Envoy Steve Witkoff attends a meeting with Ukrainian officials Sunday, Nov. 30, 2025, in Hallandale Beach, Fla.


Efforts to find a path toward peace in the ongoing war in Ukraine are gaining momentum this week, as U.S. envoy Mark Witkoff prepares for talks with Russian President Vladimir Putin in Moscow. The meeting comes at a critical juncture, with international pressure mounting to ease tensions and explore potential avenues for negotiation.

Meanwhile, Ukrainian President Volodymyr Zelenskyy is touring European capitals to strengthen alliances and secure continued support for Kyiv. His trip underscores Ukraine’s determination to keep Western nations engaged as the conflict grinds on.

The parallel diplomatic tracks highlight the complexity of the situation: while Washington seeks dialogue with Moscow, Kyiv is focused on reinforcing its partnerships across Europe. Observers note that the simultaneous efforts reflect both urgency and uncertainty, as the war shows little sign of resolution but global leaders intensify their search for common ground.


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