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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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Swedish Royals Return to Canada After Nearly Two Decades

 

Sweden King Carl XVI Gustaf, left, and Queen Silvia of Sweden attend a group photo during the COP30 U.N. Climate Summit in Belem, Brazil, Friday, Nov. 7, 2025. 


The Swedish royal family has arrived in Ottawa today, marking their first official visit to Canada since 2006. King Carl XVI Gustaf, Sweden’s longest-reigning monarch, and Queen Silvia are embarking on a three-day state visit that will include stops in both Ottawa and Montreal.

The royal couple was formally welcomed at Rideau Hall this morning by Canadian dignitaries, including Chief Justice Richard Wagner. Their itinerary features a wreath-laying ceremony at the Tomb of the Unknown Soldier, as well as meetings with Prime Minister Mark Carney and other Canadian officials.

This visit is not only ceremonial but also strategic. The Swedish delegation includes top government ministers such as Industry Minister Ebba Busch and Defence Minister PÃ¥l Jonson, along with representatives from dozens of Swedish companies. The trip is expected to strengthen ties between Canada and Sweden in areas such as trade, defence, climate action, and innovation.

The Swedish Royal Court has confirmed that the two nations will launch a new strategic partnership during the visit, focusing on cooperation in defence, green technology, and digital innovation. The presence of Swedish industrial leaders, including representatives from Saab, highlights Canada’s growing interest in European military and aerospace technology.

Beyond politics and business, the visit also emphasizes cultural and people-to-people connections. King Carl XVI Gustaf and Queen Silvia will attend events designed to celebrate the shared values of democracy, sustainability, and innovation that bind Canada and Sweden.

This rare royal visit underscores the importance of Canada-Sweden relations and reflects a renewed commitment to collaboration on global challenges. For Canadians, it is a chance to welcome back the Swedish monarchs after nearly twenty years and to witness the strengthening of an international partnership that spans diplomacy, trade, and cultural exchange.

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