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Weekly Market Snapshot: TSX Hits Record High, Then Retreats as Fed Shocks Markets

  Week of June 16–20, 2026  |  Published June 20, 2026 It was a week of records and reversals for Canadian investors. The TSX touched an all-time high midweek before a hawkish surprise from the U.S. Federal Reserve and falling oil prices — triggered by the U.S.–Iran interim peace deal — pulled markets lower into Thursday's close. Here's everything that moved the needle for your portfolio and wallet this week. 📊 Weekly Market Scorecard Index / Asset Level (June 19 Close) Week Change S&P/TSX Composite 34,857 ▼ Mixed (high: 35,629 Wed.) S&P 500 (USD) 7,500.58 ▲ +1.08% (Wed.) Dow Jones (USD) 51,564.70 ▲ +0.14% (Wed.) Nasdaq (USD) 26,517.93 ▲ +1.91% (Wed.) WTI Crude Oil (USD/barrel) ~$76.54 ▼ Sharp weekly decline Gold (USD/oz) ~$4,157 ▼ Fell on hawkish Fed CAD/USD (Loonie) ~$0.7068 ▼ Under pressure Note: U.S. markets were closed Friday, June 20, for the Juneteenth National Independence Day holiday. TSX figures reflect Thursday's close. 🇨🇦 TSX: A Record High That Did...

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Tensions Escalate as Israeli Ground Invasion of Lebanon Looms

 

In a significant escalation of regional tensions, Israel is preparing for an imminent ground invasion of southern Lebanon. This move comes after weeks of intense cross-border skirmishes and the recent killing of Hezbollah leader Hassan Nasrallah.

Israeli Defense Minister Yoav Gallant has been vocal about the necessity of this operation, emphasizing the need to dismantle Hezbollah’s military infrastructure near the border. “The elimination of Nasrallah is an important step, but it is not the final one,” Gallant stated during a meeting with troops. He highlighted that the objective is to ensure the safety of northern Israeli communities, which have been under threat from Hezbollah’s rocket attacks.

The Biden administration has expressed concerns over the potential invasion, urging Israel to consider the broader implications. U.S. officials have warned that such an operation could bolster support for Hezbollah among the Lebanese population. Despite these warnings, Israel appears determined to proceed, with troop movements and preparations indicating that the invasion could commence at any moment.

The situation remains fluid, with both sides bracing for what could be a significant and prolonged conflict. The international community watches closely, hoping for a resolution that avoids further bloodshed and instability in the region.


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