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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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Aftershocks of Austerity: Aid Cuts Cripple Afghanistan’s Earthquake Relief



A devastating 6.0 magnitude earthquake struck eastern Afghanistan on August 31, 2025, killing over 800 people and injuring nearly 2,800 across remote provinces like Nangarhar and Kunar. Entire villages were flattened, and survivors were left scrambling for help amid rubble and blocked roads. But as the country reels from the physical destruction, a deeper crisis is unfolding: the collapse of its humanitarian safety net.

International aid to Afghanistan has plummeted—from $3.8 billion in 2022 to just $767 million this year—due to shifting global priorities, donor fatigue, and political tensions over the Taliban’s policies, particularly restrictions on women’s rights and female NGO workers. The result? Forty-four health clinics serving over 360,000 people in the quake-hit regions have shut down, and even critical air support from the World Food Programme has been grounded due to budget constraints.

Kate Carey of the UN Office for the Coordination of Humanitarian Affairs described the response as “badly hit,” with fewer personnel and resources than ever before. The Taliban government, facing international isolation and sanctions, has appealed for urgent global assistance, warning that half the population already needs humanitarian aid.

As Afghanistan faces the triple threat of natural disaster, economic collapse, and dwindling global support, the quake’s aftermath is a stark reminder that humanitarian crises don’t end when the ground stops shaking—they deepen when the world turns away.


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