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Markets Update — Friday, June 26, 2026: Global Tech Sell-Off Rattles Markets as TSX Holds Firm

  Friday, June 26, 2026 — Reporting on confirmed June 25 closing data. Asian and European figures reflect Friday session activity. 🇨🇦 Canada — TSX The S&P/TSX Composite Index closed Thursday at 34,850 , up 0.3% on the day — a relatively resilient showing while Wall Street struggled with a tech-driven selloff. Gains in the financial and mining sectors carried the index. The big Canadian banks were a bright spot: TD Bank added 0.9%, Royal Bank gained 0.4%, and BMO rose 0.9%. On the mining side, Agnico Eagle gained 1.7% as gold prices held near the $4,000 level. Technology names were the drag. Shopify fell 2.6%, Constellation Software lost 3.6%, and Celestica shed 0.7%, tracking the broader global selloff in tech stocks. Still, with Canadian tech making up a far smaller portion of the TSX than it does on U.S. indices, the damage was contained. Investors also parsed Thursday's Bank of Canada Summary of Deliberations, which confirmed policymakers are keeping monetary policy flexi...
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Why Food Prices at Grocery Stores in Canada are Rising in February

 

As Canadians head to their local grocery stores, they may notice a pinch in their wallets. Food prices have been on the rise, and there are several reasons behind this trend.

1. Supply Chain Disruptions

Since the onset of the COVID-19 pandemic, supply chains have faced disruptions worldwide. From transportation delays to labor shortages, these challenges have impacted the availability and cost of food products. When supply chains falter, prices tend to climb.

2. Labor Shortages and Higher Wages

Labor shortages have affected various industries, including agriculture and food processing. As businesses struggle to find workers, wages have increased. These higher labor costs are eventually passed on to consumers through higher food prices.

3. Tariffs and Trade Policies

Trade tensions and tariffs between countries can impact the cost of imported goods. Canada’s trade relationships and agreements play a role in determining the prices of items on our grocery shelves. Changes in trade policies can lead to fluctuations in prices.

4. Weather-Related Challenges

Poor weather conditions in growing regions can affect crop yields. Droughts, floods, or extreme temperatures can damage crops, reducing supply and driving up prices. Canadian farmers and importers face these weather-related challenges, impacting the affordability of food.

5. Anticompetitive Practices

Metro’s CEO recently mentioned that the company expected to pass on higher costs from suppliers as an industry-wide blackout period for price hikes came to an end. While some price adjustments are necessary, anticompetitive practices can exacerbate the situation.

In summary, a combination of supply chain disruptions, labor shortages, trade policies, weather-related issues, and anticompetitive practices has contributed to the rising food prices in Canada. As consumers, it’s essential to stay informed and make informed choices while navigating the grocery aisles.

Remember, the next time you reach for that loaf of bread or a bunch of bananas, you’re not just buying food—you’re also paying for a complex web of global factors that influence the cost of your groceries. 

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