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5 Things to Know Today — June 16, 2026

1 TSX Surges 1% on US-Iran Peace Deal The S&P/TSX Composite Index surged 1% to a record 35,276 on Monday following news of a preliminary US-Iran peace agreement. Bank stocks led the rally—RBC, TD, and BMO all advanced strongly—while mining shares gained as gold prices rose. Energy stocks fell sharply as oil prices sank on expectations of renewed supply flows from the Middle East. 2 Bank of Canada's Rate Hold Still in Focus Markets continue to assess the June 10 BoC decision to hold the overnight rate at 2.25%. Economists are watching for signs of inflation stability in upcoming CPI data before any potential rate cuts later this year. Fixed mortgage rates remain elevated, keeping the renewal crisis front and centre for Canadian households. 3 Canada-US Dollar Weakens Near 1.40 The Canadian dollar weakened to around 1.40 USD/CAD as the loonie remains under pressure from soft domestic growth and US trade policy uncertainty. The BoC's measured rate-hold stance is being counte...
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Stock market today: Wall Street edges lower after the Thanksgiving holiday

 


The stock market was mixed on Monday afternoon, with the Dow Jones Industrial Average (DJI) down about 0.3% or almost 100 points, while the benchmark S&P 500 (GSPC) lost 0.07%. The tech-heavy Nasdaq Composite (IXIC) ticked up 0.2% . Despite the mixed trading session, the major indexes remained on track for their best month in over a year, with high optimism for an end to US interest rate hikes and strong Black Friday and Cyber Monday sales boosting the market sentiment .

In other news, the “Magnificent Seven” tech stocks — Apple, Alphabet, Microsoft, Amazon, Meta, Tesla, and Nvidia — make up roughly one-third of the S&P 500’s market cap and are up 80% this year. Their valuations are drawing comparisons to the dot-com bubble in 2000.

Additionally, the cryptocurrency exchange Binance agreed to pay fines and restitution of $4.3 billion and also plead guilty to criminal charges relating to money laundering, conducting an unlicensed money transmitting business, and sanctions violations. The settlement was seen as a positive sign for the crypto industry, as it could bring more regulatory clarity and reduce systemic risk.

Some stocks trending tickers page during morning trading on Monday were Shopify, Amazon, Foot Locker, and Snowflake. Shopify and Amazon rose on strong e-commerce sales, while Foot Locker fell on a downgrade by Citigroup. 





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