Skip to main content

Featured

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 ...
Post a Comment
Read more

article

Labels

Israel’s Intensifying Military Operation in Rafah Sparks International Concerns

 

In a recent escalation of conflict, Israel has intensified its military operation in the southern Gaza city of Rafah. Despite U.S. warnings about the risk of mass casualties, Israeli forces have pushed forward, bombarding towns in the north of the Strip and vowing to broaden their ground operation in Rafah. Here are the key points:

  1. Intensified Conflict: Israeli forces have made a new push in central Gaza, leading to intense battles in Jabalia, a northern Palestinian enclave. At least 23 people have been killed in the latest fighting.

  2. Rafah’s Importance: Israel considers Rafah, located on Gaza’s border with Egypt, as Hamas’ last stronghold. The city has become a focal point of the conflict, with hundreds of thousands of displaced Palestinians seeking shelter there.

  3. International Concerns: Western powers are deeply concerned about the humanitarian situation in Rafah. Despite Israeli assurances, civilians have been caught in the crossfire, and the United Nations estimates that over 810,000 people have fled the city since the conflict escalated.

  4. Allies at Odds: Israel’s plan for an all-out assault on Rafah has strained its relationship with its main ally, the United States. Washington even held up a weapons shipment due to fears of large civilian casualties.

  5. Prime Minister’s Stance: Israeli Prime Minister Benjamin Netanyahu has vowed to press ahead with sending troops into Rafah, rejecting international pressure. He emphasized that Israel is determined to realize its war aims, regardless of the risks.

The situation remains tense, and the world watches closely as the conflict unfolds. The fate of Rafah and its civilian population hangs in the balance.

Labels:

Comments

Post a Comment