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Daily Markets Update: Tech Selloff Deepens, TSX Holds Steady Near 35,000 — Monday, June 29, 2026

  Global equity markets closed Friday, June 27 with a familiar story: technology stocks under pressure, energy shares retreating on easing Middle East supply fears, and the Toronto Stock Exchange managing to hold its ground better than most. Here is what happened across every major market and what Canadian investors should be watching this week. 🇨🇦 Canada — TSX Composite Index Close (Jun 27) Change S&P/TSX Composite 34,980 ▲ +0.4% The S&P/TSX Composite rose 0.4% on Friday to close at 34,980, supported by strength in the mining and technology sectors. Mining shares climbed on higher gold prices, helped by a weaker U.S. dollar and softening expectations of further Federal Reserve rate hikes following the latest U.S. PCE inflation data. Canada and Japan also advanced cooperation on mining projects, including potential joint stockpiling discussions. Barrick Gold gained 1.6%, while Franco-Nevada rose 2.3%. On the tech side, Shopify surged 4.6% — backed by its Spring '26 produc...
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TSX rises as energy and consumer staples lead




The Toronto Stock Exchange’s S&P/TSX composite index ended up 71.66 points, or 0.3%, at 21,061.88 on Monday, approaching its 20-month high of 21,074.91 reached last week. The energy and consumer staples sectors were the main drivers of the gains, as oil prices recovered some of their losses and investors digested a Bank of Canada business survey.

The survey showed that Canadian firms saw their order books decline as interest rates crimped consumer spending, and they expected inflation to ease despite increased concerns over wages for the next year. The report could keep the door open for interest rate cuts in the first half of the year, according to some economists.

The energy sector rose 0.9% as U.S. crude oil futures settled at $72.50 a barrel, down 0.3%. The consumer staples sector added 0.8%, boosted by shares of Saputo Inc and Loblaw Co, which climbed about 1.6% and 1.5%, respectively. The utilities sector also ended 1.1% higher.

Trading volumes were lower than usual, with U.S. markets closed for the Martin Luther King Jr. Day holiday. On Tuesday, Canada will release its consumer price index report for December, which could offer more clues on the central bank’s policy outlook. Economists expect inflation to rise to 3.4% from 3.1% in November.

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