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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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U.S. Launches Major Retaliatory Strikes on ISIS in Syria

A KC-135 Stratotanker aircraft takes off from a base in the U.S. Central Command area of responsibility, in support of Operation Hawkeye Strike as the U.S. military launched large-scale strikes against dozens of Islamic State targets in Syria.

The United States has carried out a sweeping series of air and artillery strikes across central Syria, targeting dozens of ISIS positions in one of the largest counterterrorism operations in recent years. The action was launched in response to a deadly ISIS‑linked attack on American personnel earlier this month.

Defense officials said the coordinated assault struck more than 70 targets, including militant fighters, weapons depots, and logistical sites. The operation involved fighter jets, attack helicopters, and precision-guided munitions, with support from regional partners.

U.S. leaders described the mission as a decisive response aimed at degrading ISIS’s ability to conduct further attacks. While the group no longer controls territory, it continues to operate through ambushes and small‑scale assaults across parts of Syria.

Officials have not yet released casualty estimates, but early assessments indicate that the strikes significantly disrupted ISIS activity in the region.

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