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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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U.S. Deploys Advanced Air Defense System to Israel Amid Rising Tensions with Iran

 

In a significant move to bolster Israel’s defense capabilities, the United States has announced the deployment of a Terminal High Altitude Area Defense (THAAD) battery along with American troops to Israel. This decision, authorized by Defense Secretary Lloyd Austin at the direction of President Joe Biden, aims to enhance Israel’s air defenses following recent ballistic missile attacks by Iran.

The THAAD system, known for its ability to intercept and destroy short, medium, and intermediate-range ballistic missiles, will be operated by U.S. military personnel. This deployment comes in response to unprecedented missile attacks on Israel by Iran in April and October of this year.

Pentagon spokesperson Maj. Gen. Pat Ryder emphasized the strategic importance of this deployment, stating that it underscores the United States’ commitment to Israel’s security and regional stability. The move is expected to significantly strengthen Israel’s defensive posture against potential threats from Iran and other adversaries in the region.

This latest development highlights the ongoing geopolitical tensions in the Middle East and the critical role of international alliances in maintaining security and stability.


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