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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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Wall Street Sees Slight Decline Following Recent Rally

 


In the wake of a robust rally last week, Wall Street experienced a modest downturn. Amidst this financial ebb and flow, Boeing has announced a significant change in its leadership, with the CEO set to depart at the year’s end.

The financial landscape remains ever-dynamic, with investors closely monitoring the Federal Reserve’s potential interest rate cuts. The market’s pulse is also influenced by global events, such as the Bank of Japan’s recent interest rate hike—the first in 17 years—signaling a cautious yet pivotal shift in economic policy.

As the market navigates through these fluctuations, the departure of Boeing’s CEO marks a notable corporate transition, reflecting the intricate dance between executive movements and market reactions.

Investors and analysts alike are keeping a keen eye on these developments, understanding that today’s ripples can turn into tomorrow’s waves, shaping the future of the financial world.

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