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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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Seven Ways the 2024 Federal Budget Impacts Your Finances

 

The 2024 federal budget in Canada has introduced several measures that directly affect your financial well-being. Let’s explore seven key ways this budget impacts you:

  1. Capital Gains Inclusion Rate Increase:

    • The budget proposes raising the capital gains inclusion rate from 50% to 66.67% for corporations, trusts, and individuals (for capital gains exceeding $250,000) on or after June 25, 2024.
    • This change affects how much tax you pay when selling assets like stocks, real estate, or businesses.

  2. Employee Stock Options:

    • If you receive employee stock options, the taxable benefit deduction will be reduced to 33.33% (from 50%) due to the higher capital gains inclusion rate.
    • However, you can still claim a combined deduction of up to $250,000 for both stock options and capital gains.

  3. Net Capital Losses:

    • Prior-year net capital losses can offset taxable capital gains in the current year, even after the rate change.
    • This means losses realized before the rate increase can fully offset equivalent gains afterward.

  4. Affordable Housing Initiatives:

    • The budget aims to build more affordable homes, addressing the challenge of elevated living costs.
    • While there are no changes to personal tax brackets, housing affordability remains a priority.

  5. Alternative Minimum Tax (AMT):

    • The budget proposes amendments to AMT proposals, reducing the negative impact on charitable donations’ tax treatment.
    • This benefits those who contribute to charities while minimizing their tax liability.

  6. Carbon Tax Offset:

    • Although not explicitly mentioned, the budget likely includes measures to offset the carbon tax impact on households.
    • These efforts align with environmental goals and may affect your energy costs.

  7. Small Business Investment:

    • Expect further investment incentives for small businesses, encouraging growth and job creation.
    • The budget aims to boost the economy and support entrepreneurs.

In summary, the 2024 federal budget combines tax changes, housing initiatives, and economic strategies to enhance financial stability for Canadians. Stay informed and adapt your financial plans accordingly.

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