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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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Deadly Clashes in Kathmandu as Police Fire on Anti-Social Media Ban Protesters

Demonstrators gather at the entrance of parliament during a protest against corruption and government’s decision to block several social media platforms, in Kathmandu, Nepal.

At least 11 people were killed and dozens wounded on Monday when police in Nepal’s capital opened fire on protesters rallying against a government ban on major social media platforms.

The violence erupted outside the Parliament building in Kathmandu, where tens of thousands — many from the so-called “Gen Z” generation — gathered to denounce the blocking of Facebook, X, YouTube, and other unregistered platforms. Authorities say the ban is aimed at enforcing registration and oversight, but critics call it a thinly veiled attempt at censorship and silencing dissent.

Protesters breached barricades, forcing riot police to retreat. Officers initially used tear gas and water cannons, but as the crowd surged toward the Parliament complex, live rounds were fired. Hospitals across the city reported treating dozens of people, many with gunshot wounds to the head and chest.

The government has imposed a curfew around key government sites, while rights groups have condemned the crackdown as a violation of free expression. Demonstrators vowed to continue their fight, chanting, “Stop the ban on social media, stop corruption, not social media.”


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