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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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LCBO Stores Set to Reopen Tuesday After Resolving Last-Minute Dispute

 

The Liquor Control Board of Ontario (LCBO) and the Ontario Public Service Employees Union (OPSEU) have resolved a last-minute dispute, paving the way for LCBO stores to reopen on Tuesday. This resolution comes after a two-week strike that saw over 9,000 workers walk off the job.

The tentative agreement, reached on Friday, initially hit a snag when the union and the LCBO disagreed over the return-to-work protocol. The LCBO accused the union of introducing new monetary demands, while the union maintained that their demands were standard and had been used in previous strikes.

Despite the initial impasse, both parties confirmed on Saturday morning that the dispute had been resolved. Voting on the tentative deal is set to occur over the weekend, and if ratified, unionized workers will return to work on Monday, with stores reopening to the public on Tuesday.

The agreement includes an eight-percent pay raise over three years, the conversion of 1,000 casual employees to permanent part-time status, and the hiring of 60 additional full-time employees in warehouse operations. Additionally, there will be no store closures for the duration of the deal.

A significant point of contention was the expansion of ready-to-drink beverages into grocery and convenience stores. The Ford government expedited this timeline, allowing licensed Ontario grocery stores to sell these beverages ahead of schedule. A non-binding committee will be formed to determine the best way to implement these plans.

With the resolution of this dispute, Ontarians can look forward to shopping at LCBO stores again, knowing that their purchases support public services.


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