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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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Trump Family Unveils Trump Mobile: A New Wireless Venture with a $499 Smartphone

The Trump Organization has entered the mobile phone market with the launch of Trump Mobile, a new wireless service that carries the former president’s name. Announced at Trump Tower in Manhattan, the venture includes a $499 gold-colored smartphone and a monthly subscription plan priced at $47.45, a nod to Donald Trump’s presidency as the 45th and now 47th U.S. president.  

The service will operate using the networks of major U.S. carriers and promises additional perks such as telemedicine access, roadside assistance, and unlimited international texting. While the Trump family has emphasized that the phone will be designed and built in the United States, details on its manufacturing partner remain undisclosed. 

Eric Trump suggested that initial deliveries of the phone may not be U.S.-made but expressed hopes for future domestic production. The announcement comes amid ongoing scrutiny of the Trump family's business ventures, with critics raising concerns about potential conflicts of interest.  

Despite these concerns, the Trump family remains confident that Trump Mobile will resonate with consumers seeking a wireless service that aligns with their values. The company’s website showcases a sleek smartphone featuring an etched American flag, reinforcing its branding as an "all-American" product. 

With the mobile industry already highly competitive, it remains to be seen how Trump Mobile will fare against established players. However, given the Trump brand’s loyal following, the venture is expected to attract significant attention.

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