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Tech Selloff Rattles Wall Street as Iran Peace Talks Ease Oil — June 23, 2026

A sharp selloff in technology stocks weighed on North American markets Tuesday as investors continued to digest the fallout from Alphabet's steep decline and reassess valuations across Big Tech. Canada's TSX hovered near the 35,000 level, oil drifted lower on progress in U.S.-Iran peace negotiations, and gold pulled back from recent highs as hawkish Federal Reserve signals kept pressure on precious metals. 🇨🇦 Canada — TSX & Economy Index / Asset Level Change S&P/TSX Composite ~34,857 ▼ −0.32% CAD/USD ~$0.705 USD ▼ −0.19% WTI Crude Oil ~$73.67 USD/bbl ▼ −0.26% Canada CPI (May 2026) 3.2% YoY ▲ Above 3% target The S&P/TSX Composite Index dipped slightly Tuesday, retreating from the 35,000 level it briefly crossed on Monday after Canada's banking regulator freed up capital requirements for major lenders. The pullback came as tech-driven weakness from Wall Street spread northward. Financials had been a bright spot on Monday — RBC and BMO each added more than 1% aft...
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Ontario Colleges on Edge as Faculty Strike Looms

Faculty staff at Ontario’s public colleges are poised to take strike action as early as January 9th, following a five-day labour notice issued by the Ontario Public Service Employees Union (OPSEU). The union, representing faculty workers at the province’s 24 public colleges, has cited stalled contract talks and lack of job security as the primary reasons for the potential strike.

Despite months of negotiations, the College Employer Council (CEC) and OPSEU have yet to reach an agreement. The union claims that the CEC’s current offer would leave faculty members worse off than their previous contract, which expired three months ago. The CEC, on the other hand, argues that the union’s demands are unrealistic given the financial instability faced by Ontario’s colleges.

The potential strike comes at a challenging time for Ontario’s college sector, which has already seen a significant drop in international student enrollment and funding cuts. The union is urging the CEC to enter mediation with more realistic demands to avoid an unnecessary strike.

As the situation unfolds, both parties remain committed to finding a resolution, but the looming strike date adds urgency to the negotiations.




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