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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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U.S. Military Strike Sinks Suspected Venezuelan Drug Vessel, Killing 11

U.S. President Donald Trump said in a social media post that the targeted vessel was 'transporting illegal narcotics' and 'heading to the United States.'

The United States military has carried out a strike in the southern Caribbean against a vessel allegedly transporting illegal narcotics from Venezuela, President Donald Trump announced on Tuesday. According to Trump, the operation targeted members of the Tren de Aragua gang — a group Washington has designated as a foreign terrorist organization — and resulted in the deaths of 11 people.

Trump said the strike occurred in international waters as the boat was en route toward the United States. He shared a video on social media appearing to show the vessel engulfed in flames following an explosion, though Venezuelan officials questioned the authenticity of the footage, suggesting it may have been artificially generated.

The incident marks the first known military action in the region since the recent deployment of U.S. warships to counter drug trafficking. Venezuelan President Nicolás Maduro did not directly address the strike but accused Washington of seeking control over the country’s natural resources.


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