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

Israeli Troops Reach Strategic Hill in Lebanon Amid Escalating Conflict

 

Israeli ground forces have reached their deepest point in Lebanon since the invasion began on October 1, according to Lebanese state media. The troops captured a strategic hill in the southern Lebanese village of Chamaa, approximately 5 kilometers from the Israeli border, before pulling back after intense battles with Hezbollah militants.

The National News Agency reported that Israeli forces detonated the Shrine of Shimon the Prophet and several homes in Chamaa before their withdrawal, although these claims have not been independently verified. The Israeli military stated that their operations in southern Lebanon remain limited, localized, and targeted.

This ground push coincided with Israeli airstrikes on Beirut’s southern suburbs and other areas in southern Lebanon, including the port city of Tyre. The strikes targeted sites used by Hezbollah, with residents receiving advance warnings to evacuate.

The escalation comes as Lebanese and Hezbollah officials review a U.S.-drafted proposal aimed at ending the conflict. The proposal, based on U.N. Security Council resolution 1701, calls for a ceasefire and Hezbollah’s withdrawal from the Israel-Lebanon border.

Since the conflict’s escalation in late September, over 3,400 people have been killed in Lebanon, with 80% of the casualties occurring in the past eight weeks. Lebanon’s caretaker prime minister has urged Iran to persuade Hezbollah to agree to the ceasefire deal.


Labels:

Comments

Post a Comment