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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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Medvedev Warns of Nuclear Risks Amid Trump’s Tomahawk Threats


Russian Security Council Deputy Chairman Dmitry Medvedev has reignited nuclear rhetoric following U.S. President Donald Trump’s suggestion that Washington could supply long-range Tomahawk missiles to Ukraine if Moscow refuses to end the war.

Medvedev, a close ally of President Vladimir Putin, argued that once launched, it is impossible to distinguish between Tomahawk missiles carrying conventional warheads and those armed with nuclear payloads. Writing on Telegram, he warned that such deliveries could “end badly for everyone, especially Trump,” hinting at the possibility of a nuclear response.

Trump, speaking over the weekend, reiterated that he may authorize the transfer of Tomahawks to Kyiv, saying, “We may not, but we may do it… Do they want to have Tomahawks going in their direction? I don’t think so.”

The exchange underscores the escalating tension between Washington and Moscow, with Medvedev’s remarks amplifying fears of nuclear brinkmanship. Kremlin spokesman Dmitry Peskov later backed Medvedev’s warning, stressing that U.S. missile supplies would be viewed as a direct threat to Russia’s security.

As the war grinds on, the rhetoric highlights the increasingly dangerous stakes of Western military support for Ukraine and the Kremlin’s readiness to invoke nuclear scenarios in response.


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