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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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Gingerbread Cookies

 

These cookies are festive, warmly spiced, and perfect for decorating with icing and candies.

Ingredients (makes ~45 cookies)

  • 1 ½ sticks (12 tbsp) unsalted butter, softened
  • ¼ cup + 2 tbsp packed dark brown sugar
  • ¼ cup + 2 tbsp granulated sugar
  • 6 tbsp unsulphured molasses (e.g., Grandma’s Original)
  • 1 large egg
  • 2 ¾ cups all-purpose flour (spooned & leveled)
  • 2 tsp ground ginger
  • 1 tsp ground cinnamon
  • ½ tsp ground allspice
  • ¼ tsp ground cloves
  • ⅛ tsp freshly ground black pepper
  • 2 tsp baking soda
  • Heaping ¼ tsp salt
  • Royal icing or store-bought icing (for decorating) Punchfork

 Instructions

  1. Cream butter & sugars: Beat butter, brown sugar, and granulated sugar until light and fluffy.
  2. Add wet ingredients: Mix in molasses and egg until smooth.
  3. Combine dry ingredients: Whisk flour, spices, baking soda, and salt separately.
  4. Form dough: Gradually add dry mixture to wet until combined.
  5. Chill dough: Wrap and refrigerate for at least 1 hour (important for rolling).
  6. Roll & cut: Roll dough to about ⅛-inch thickness; cut with cookie cutters.
  7. Bake: Place on parchment-lined sheets and bake at 350°F for 8–10 minutes until edges are set.
  8. Cool & decorate: Let cookies cool completely before icing and decorating.

 Tips for Best Results

  • Chill thoroughly: Prevents spreading and makes dough easier to handle.
  • Spice balance: The black pepper adds a subtle kick—don’t skip it!
  • Storage: Keep in an airtight container for up to 4 days, or freeze undecorated cookies for longer.
  • Decorating fun: Use royal icing for crisp designs or sprinkles/candies for festive flair.


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