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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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Trudeau Faces Mounting Pressure to Resign Amid Political Turmoil

In a week that could mark a historic turning point in Canadian politics, Prime Minister Justin Trudeau is under intense scrutiny as calls for his resignation grow louder. Reports suggest that Trudeau may announce his decision to step down as early as today, ahead of a crucial national caucus meeting scheduled for Wednesday.

The pressure on Trudeau has been building for weeks, with multiple MPs from his own Liberal party joining the chorus of voices urging him to resign. This follows the surprise resignation of Finance Minister Chrystia Freeland in mid-December, which has only intensified the calls for Trudeau's departure.

Political analysts are speculating on the potential outcomes and the future leadership of the Liberal party. If Trudeau does step down, the party will need to name an interim leader and prepare for a leadership race. Among the potential contenders is Mark Carney, whose name has been floated as a possible successor.

As the political landscape in Ottawa remains uncertain, all eyes are on Trudeau and his next move. The coming days will be critical in determining the future direction of the Liberal party and Canadian politics as a whole.

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