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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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STM Maintenance Workers Launch Third Strike, Disrupting Montreal Transit for a Month

 

        The CSN-affiliated union said the public will be kept informed of what services will be maintained.

Maintenance workers at the Société de transport de Montréal (STM) have announced a third strike this year, set to run from October 31 to November 28, 2025. The walkout, organized by the Syndicat du transport de Montréal–CSN, represents 2,400 employees responsible for keeping Montreal’s buses and metro system in service.

Union leaders say the decision follows more than 115 negotiation sessions without progress. They accuse STM management of refusing to address staffing shortages and workload concerns. “When people use public transit, they want to count on quality service,” said Stéphanie Gratton, Vice-President of the Fédération des employées et employés de services publics-CSN.

The strike is expected to cause slowdowns, service disruptions, and a halt to overtime work, though some essential services may be maintained during rush hours.

This latest escalation underscores the deepening standoff between the union and STM management, with commuters bracing for another month of uncertainty across the city’s transit network.


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