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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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Tragedy Strikes: Israeli Airstrike on Gaza School Leaves Dozens Dead

 

In a devastating incident, an Israeli airstrike targeted a school in central Gaza that was sheltering displaced Palestinians. The attack resulted in the deaths of more than 30 people, including 23 women and children. The school, run by the United Nations agency for Palestinian refugees (UNRWA), was filled with civilians who had fled previous Israeli offensives and bombardments in northern Gaza.

Witnesses reported that the predawn strike hit the al-Sardi School, where families sought refuge. The victims included an old man and two children, one with a head injury. The Al-Aqsa Martyrs Hospital in nearby Deir al-Balah was overwhelmed by casualties from the attack, with at least 33 dead, including 14 children and nine women. Videos circulating online showed wounded people being treated on the hospital floor, highlighting the strain on Gaza’s medical facilities.

This tragic event underscores the ongoing conflict and the toll it takes on civilians caught in the crossfire. As Israel continues its offensive in the Gaza Strip, innocent lives remain at risk, and the world watches in horror.



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