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Markets Update: Iran Deal Signed, Fed Holds — Futures Surge on June 18, 2026

  Global markets are getting a lift this Thursday as two major storylines resolved overnight: President Donald Trump formally signed an interim peace agreement with Iran, and the Federal Reserve held interest rates steady while delivering a surprisingly hawkish policy signal. U.S. stock futures are surging this morning — even as Wednesday's session ended sharply lower — and oil prices are retreating on hopes that the Strait of Hormuz will soon reopen to commercial traffic. For Canadian investors, the convergence of a falling oil price, a recovering loonie, and a TSX still navigating sector cross-currents makes today's session one to watch closely. Note: U.S. markets are closed tomorrow for the Juneteenth holiday, making today the last full trading day of the week on Wall Street. 🇺🇸 United States — Futures Bounce After Wednesday Selloff Wednesday's session ended deep in the red after new Fed Chair Kevin Warsh presided over the central bank's first policy meeting of his...
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Toronto’s Housing Market Plummets to a 13-Year Low Amidst Higher Mortgage Rates

 


Toronto’s housing market experienced a significant decline in 2023, with home sales dropping to a 13-year low. According to a report by the Toronto Regional Real Estate Board, the number of home sales in the Greater Toronto Area (GTA) fell by 11% compared to the previous year . This decline can be attributed to the rise in mortgage rates, which made it difficult for potential buyers to afford homes.

The average home sold price in the GTA for November 2023 was $1,051,180, which is a 7% drop compared to the previous month . The report also states that the GTA housing market has been in a deep buyer’s market for the past few months, with the sales-to-new-listings ratio (SNLR) being 40% in November 2023. This means that there are comparatively more properties available for purchase than buyers in the market, giving buyers more leverage in negotiating prices and terms. However, the GTA is now once again in a balanced market, with buyers losing favour as sellers regain some control in the market .


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