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Tech Selloff Rattles Wall Street as Iran Peace Talks Ease Oil — June 23, 2026

A sharp selloff in technology stocks weighed on North American markets Tuesday as investors continued to digest the fallout from Alphabet's steep decline and reassess valuations across Big Tech. Canada's TSX hovered near the 35,000 level, oil drifted lower on progress in U.S.-Iran peace negotiations, and gold pulled back from recent highs as hawkish Federal Reserve signals kept pressure on precious metals. 🇨🇦 Canada — TSX & Economy Index / Asset Level Change S&P/TSX Composite ~34,857 ▼ −0.32% CAD/USD ~$0.705 USD ▼ −0.19% WTI Crude Oil ~$73.67 USD/bbl ▼ −0.26% Canada CPI (May 2026) 3.2% YoY ▲ Above 3% target The S&P/TSX Composite Index dipped slightly Tuesday, retreating from the 35,000 level it briefly crossed on Monday after Canada's banking regulator freed up capital requirements for major lenders. The pullback came as tech-driven weakness from Wall Street spread northward. Financials had been a bright spot on Monday — RBC and BMO each added more than 1% aft...
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Congress in Crisis: Scrambling to Avert Government Shutdown



In a dramatic turn of events, the U.S. Congress is racing against the clock to prevent a partial government shutdown. This urgency follows the rejection of a demand by President-elect Donald Trump to lift the nation's debt ceiling. The House of Representatives, led by Speaker Mike Johnson, is attempting to navigate a narrow path that can satisfy both the Republican-controlled House and the Democratic-majority Senate as the midnight Friday funding deadline looms.

Conservative Republicans recently dismissed Trump's call for a five-year suspension of the U.S. debt ceiling, which could have added trillions more to the government's $36 trillion debt. This rejection has left Congress without a clear plan to avoid the shutdown. The situation is further complicated by Trump's insistence on extending the debt ceiling to 2029, a demand that has not gained traction among lawmakers.

The failure of a hastily revised alternative bill, which aimed to keep the federal budget running at its current level through March and provide $100 billion in disaster relief, has added to the uncertainty. This bill was rejected by a vote of 174-235, highlighting the deep divisions within the Republican Party and the broader Congress.

As the deadline approaches, the pressure is mounting on Congress to find a solution that can avert the shutdown and ensure the continued functioning of the federal government. The stakes are high, with potential disruptions to government services and paychecks for federal workers hanging in the balance.

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