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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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Ukraine Launches Drone Barrage on Moscow Amid Escalating Strikes

                                           There were no reports of major damage in Moscow


Russian officials reported that air defenses intercepted dozens of Ukrainian drones targeting Moscow overnight, in one of the largest such attacks in recent months. According to Russia’s defense ministry, 34 drones were shot down en route to the capital, while nearly 160 more were intercepted across other regions.

The strikes prompted temporary closures at two of Moscow’s major airports, though authorities said there was no significant damage in the city itself. At least one person was killed and several others injured in surrounding areas.

The incident underscores the intensifying aerial campaign on both sides. While Russia continues to pound Ukraine’s energy infrastructure, Kyiv has increasingly targeted oil refineries and industrial facilities inside Russia, aiming to disrupt its war economy.

Nearly four years into the conflict, the drone war has become a defining feature of the battlefield, extending the fight deep into each country’s territory.


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