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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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Israeli Forces Near Rafah Amid U.S. Pressure

                                                

Israeli forces have gathered near Rafah, with tanks firing close to residential areas and drones monitoring the city from above. The U.S. President, Joe Biden, has threatened to withhold military aid if Israel proceeds with a full-scale invasion of Rafah. Ceasefire negotiations continue in Cairo, with various parties involved, including Hamas and Islamic Jihad, who claim to have engaged Israeli forces with anti-tank rockets and mortars.

Key Points:

  • Tensions in Rafah: Israeli tanks and helicopters are active near Rafah, causing casualties and damage.
  • U.S. Stance: Biden warns of withholding weapons from Israel to prevent a major invasion of Rafah.
  • Ceasefire Efforts: Talks in Cairo involve multiple parties, with the U.S. playing a significant role in negotiations.
  • Humanitarian Crisis: The conflict has led to a severe humanitarian situation in Gaza, with shortages of medical supplies and food, and the displacement of thousands of people.

The situation remains volatile, with ongoing military actions and diplomatic efforts to reach a ceasefire. The international community is closely watching the developments, hoping for a resolution that ensures the safety and security of all parties involved.

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