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Chip Stock Meltdown Rattles Markets Ahead of Fed Decision, Big Tech Earnings

  Tuesday, July 28, 2026 Global markets are starting the week's biggest 48 hours on shaky footing. A brutal sell-off in South Korean chipmakers spread across Asia and into U.S. futures Tuesday morning, oil kept sliding for a second straight session, and Canadian investors are heading into a Bank of Canada-relevant Fed decision and a wave of Big Tech earnings that could set the tone for August. Here's what moved markets overnight and what it means for your portfolio, your gas tank, and your mortgage. TSX: Riding a Relief Rally Into a Volatile Week The S&P/TSX Composite closed Monday at 35,568.14, up 199.04 points (+0.56%) , as Canadian stocks joined a global relief rally after the U.S. and Iran quietly paused hostilities over the weekend. That rally, however, is running headlong into a fresh source of anxiety this morning: a sharp sell-off in Asian semiconductor stocks that's pulling U.S. futures lower and could weigh on TSX tech and industrial names at the open. Table: ...
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Navigating Uncertainty: Capital Gains Tax Changes Leave Taxpayers in a Bind

The recent prorogation of Parliament by Prime Minister Justin Trudeau has thrown taxpayers into a state of uncertainty regarding capital gains tax. The Canada Revenue Agency (CRA) continues to enforce the proposed changes, which increase the inclusion rate from 50% to 66.67% for gains over $250,000, despite the legislation not being formally enacted. This leaves taxpayers with two unappealing options: file based on the proposed legislation and potentially overpay, or file based on the previous rules and risk future penalties.

The CRA's decision to uphold the proposed changes, citing consistency and fairness, has frustrated many who made financial decisions based on the anticipated tax hike. With the future of the legislation uncertain, taxpayers are left scrambling to decide the best course of action.

This situation highlights the need for clear and timely legislative processes to avoid such dilemmas in the future. Until then, taxpayers must navigate these murky waters with caution and seek professional advice to mitigate potential risks.






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