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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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U.S. Diplomacy at a Crossroads: Trump and Rubio Signal Urgency in Russia-Ukraine Peace Talks

In a pivotal moment for international diplomacy, President Donald Trump has called on Russia to halt its attacks on Ukraine, emphasizing the need for immediate action to end the ongoing conflict. Trump's remarks come as U.S. Secretary of State Marco Rubio warns that the United States may reconsider its role in mediating peace efforts if progress remains elusive.

During a recent meeting with Ukrainian President Volodymyr Zelenskyy at the Vatican, Trump expressed frustration over Russia's continued aggression, stating that there was "no reason for Putin to be shooting missiles into civilian areas." Rubio echoed the urgency, describing the coming week as "critical" for determining whether the U.S. will continue its involvement in the peace process.

The stakes are high, with both leaders underscoring the importance of a negotiated settlement to end the war. However, the path forward remains fraught with challenges, as territorial disputes and security guarantees continue to be major sticking points in the negotiations. 

This moment could define the future of U.S. engagement in global conflict resolution, as the administration balances its commitment to peace with the realities of geopolitical complexities.

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