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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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TikTok Restores Service in the U.S. Amidst Legal Uncertainty

 


TikTok has begun restoring its services in the United States after a brief shutdown, following assurances from President-elect Donald Trump. The popular video-sharing app was temporarily inaccessible to U.S. users over the weekend due to a court-ordered ban. However, Trump's recent executive order has provided temporary relief, allowing TikTok to come back online.

While the app is now accessible to U.S. users, it remains unavailable for download from Apple's and Google's app stores. The U.S. Supreme Court had upheld a federal law requiring TikTok's Chinese parent company, ByteDance, to sell the app to a non-Chinese buyer by Sunday. Trump's order extends the deadline, giving ByteDance more time to find an approved buyer.

Canadian TikTok users, unaffected by the U.S. ban, continue to enjoy uninterrupted access to the app. TikTok has also filed a legal challenge against Canada's dissolution order, which stopped short of banning the app but ordered the dissolution of its Canadian business.

The future of TikTok in the U.S. remains uncertain as discussions continue over national security concerns and potential ownership changes. Trump has expressed interest in a joint venture where a U.S.-based company would control a significant share of TikTok.



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