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Weekly Market Snapshot — June 23–27, 2026

  Canadian markets finished the week on a positive note, with the S&P/TSX Composite closing Friday at 34,980 — up roughly 53 points from Monday's open near 34,927. Materials and financials did the heavy lifting, while tech continued to drag. Below is your complete snapshot of the numbers that matter most to Canadian investors and consumers this week. 📈 S&P/TSX Composite Metric Value Friday Close (Jun 27) 34,980.00 ▲ Friday Change +129.79 pts  (+0.37%) Monday Open (Jun 22) ~34,927 52-Week Range 26,547 – 35,630 1-Year Return +31.05% The TSX ended the week modestly positive despite tech turbulence. Gold prices lifted the materials sector , with Agnico Eagle, Barrick, and Franco-Nevada each gaining nearly 2% at points during the week. The big banks also provided ballast — TD, RBC, and BMO all posted gains as easing oil prices cooled inflation fears and pushed bond yields lower. On the downside, Shopify fell as much as 2.6% and Constellation Software shed 3.6% mid-week a...
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Market Turmoil: S&P 500 Enters Correction Amid Escalating Trade War

                                                   

The stock market faced a sharp downturn on Thursday, with the S&P 500 officially entering correction territory. The index fell 1.4%, marking a 10% decline from its recent high. The Dow Jones Industrial Average dropped 1.3%, while the tech-heavy Nasdaq plummeted nearly 2%.

This market turbulence comes as trade tensions escalate. The European Union's retaliatory tariffs on U.S. goods, including a 50% tax on American whiskey, prompted the U.S. administration to threaten a 200% tariff on European wines and spirits. These developments have left investors on edge, fearing the economic repercussions of a prolonged trade war.

Adding to the uncertainty, debates over a stop-gap spending bill to prevent a government shutdown have further rattled market sentiment. Despite cooler-than-expected inflation data, concerns about economic stability and policy unpredictability continue to weigh heavily on Wall Street.

The correction in the S&P 500 underscores the fragility of the current market environment, as investors navigate a landscape fraught with geopolitical and economic challenges.

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