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Weekly Market Snapshot: Mideast Tensions and Chip Selloff Rattle Global Markets (July 13–17)

  Week of July 13–17, 2026 It was a rough week to be a tech investor and a good week to own oil. Escalating conflict between the US and Iran pushed crude sharply higher and rattled global markets, while a fresh wave of selling in semiconductor stocks dragged US and Asian indices lower. Closer to home, the Bank of Canada held its key rate steady, and the TSX—less exposed to chipmakers—held up noticeably better than its US and Asian peers. Here’s how the week broke down across every major market, and what it means for your wallet. 🇨🇦 Canada: TSX Day Close Change Mon, Jul 13 35,252.72 -0.15% Wed, Jul 15 (BoC day) 35,416.20 +0.27% Thu, Jul 16 35,340.15 -0.21% Fri, Jul 17 ~35,262 -0.22% Week total (Fri-to-Fri) — ~flat (about -0.1%) The TSX had a choppy but ultimately quiet week compared with its global peers. Monday's session opened with the Strait of Hormuz blockade headlines and closed lower. Wednesday brought a relief rally after the Bank of Canada's rate hold, with financials ...
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Federal Reserve to Hold Interest Rates Steady Despite Market Anticipation

 

The Federal Reserve is expected to hold on interest rate cuts as they assess the economy and inflation . The policymakers are likely to signal that they expect to wait until they’re confident that inflation, which has tumbled from its peak, is reliably moving to their 2% target. 

The central bank’s benchmark rate influences the cost of most consumer and business loans, and companies, investors, and individuals have been eager for the central bank to ease the cost of borrowing. However, the economy remains healthy and doesn’t appear to need the stimulative benefits of a rate cut, which can spur more borrowing and spending and could even re-ignite inflation. The stock market is near a record high, and the yield on the influential 10-year Treasury note is well below its peak of nearly 5% last fall.

The Federal Reserve will likely move closer Wednesday to cutting its key interest rate after nearly two years of hikes that were intended to fight the worst inflation in decades. Yet it may not provide much of a hint about when — or how fast — it will do so. Most Fed watchers think the central bank’s first rate reduction will occur in May or June.














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