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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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Diplomatic Rift Deepens as India Rejects Anand’s Embassy Staffing Claim

 

Dinesh Kumar Patnaik, High Commissioner for the Republic of India to Canada, is pictured at the High Commission of India in Ottawa, on Thursday, Oct. 16, 2025. 

India’s High Commissioner to Canada, Dinesh Patnaik, has pushed back against Foreign Minister Anita Anand’s assertion that Ottawa can once again fully staff its embassy in New Delhi.

In an interview, Patnaik said New Delhi has not agreed to restore Canada’s full diplomatic presence, stressing that Ottawa must first address delays in accrediting Indian diplomats in Canada. “It’s a reciprocal trust. Trust has to be built up on both sides,” he remarked.

Anand had recently stated that India had agreed to readmit a full cohort of Canadian diplomats, signaling a thaw in relations after years of tension However, Patnaik’s comments suggest that significant hurdles remain before ties can normalize.

The dispute comes as both countries attempt to reset relations following a series of diplomatic flashpoints, including allegations of Indian involvement in the killing of a Sikh activist in British Columbia and subsequent retaliatory measures.

For now, the path toward restoring full diplomatic engagement remains uncertain, with both sides emphasizing the need for mutual confidence before progress can be made.


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