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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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Escalation in Gaza: Dozens Killed Amid Intensified Bombardment

 

Israeli forces have intensified their bombardment across the Gaza Strip, resulting in the deaths of at least 30 Palestinians, according to health officials. The escalation has seen tanks advancing deeper into western and northern Rafah, with fierce gun battles reported between Israeli troops and Hamas fighters.

Among the casualties was local journalist Mohammad Abu Jasser, who, along with his wife and two children, was killed in an Israeli strike on their home in the northern Gaza Strip. This brings the total number of Palestinian media personnel killed since October 7 to 161, as reported by Gaza’s Hamas-run government media office.

The Israeli military has conducted multiple strikes across Gaza, targeting what it claims are militant infrastructures. In central Gaza, an airstrike on a multi-floor building in Al-Nuseirat camp wounded several people, including two local journalists. In Rafah, Israeli forces have taken control of strategic positions, aiming to dismantle the last battalions of Hamas’ armed wing.

Efforts for a ceasefire, led by Qatar and Egypt and supported by the United States, have so far failed due to ongoing disputes between the combatants. The conflict, which began after a deadly attack by Hamas on October 7, has resulted in significant casualties on both sides, with over 38,919 Palestinians and 326 Israeli soldiers reported killed.

The situation remains tense as both sides continue to exchange fire, with no immediate resolution in sight.


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