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Oil Surges Toward $95 as Iran Conflict Escalates: Markets Update for July 22

  Wednesday, July 22, 2026  Canadian markets clawed back Monday's losses on Tuesday, but that relief is already under pressure this morning. Crude oil jumped past $94 a barrel overnight after an 11th straight round of U.S. strikes on Iran, and U.S. futures are pointing lower as investors weigh higher energy costs against a busy week of tech earnings. Here's what moved markets and what it means for your wallet. 🇨🇦 TSX: Snapping Back From a 12-Day Low The S&P/TSX Composite rebounded +408.76 points (+1.17%) to close at 35,369.08 on Tuesday, recovering most of Monday's 303-point drop that had pushed the index to a 12-day low. Energy and mining names led the bounce as commodity prices firmed, while financials — Monday's biggest drag — steadied. Index Close Change S&P/TSX Composite 35,369.08 +408.76 (+1.17%) Note: figures reflect Tuesday's (July 21) close, the most recent completed TSX session as of this morning's report. 🇺🇸 US Markets: Chip Stocks Carry...
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TikTok Restores Service in the U.S. Amidst Legal Uncertainty

 


TikTok has begun restoring its services in the United States after a brief shutdown, following assurances from President-elect Donald Trump. The popular video-sharing app was temporarily inaccessible to U.S. users over the weekend due to a court-ordered ban. However, Trump's recent executive order has provided temporary relief, allowing TikTok to come back online.

While the app is now accessible to U.S. users, it remains unavailable for download from Apple's and Google's app stores. The U.S. Supreme Court had upheld a federal law requiring TikTok's Chinese parent company, ByteDance, to sell the app to a non-Chinese buyer by Sunday. Trump's order extends the deadline, giving ByteDance more time to find an approved buyer.

Canadian TikTok users, unaffected by the U.S. ban, continue to enjoy uninterrupted access to the app. TikTok has also filed a legal challenge against Canada's dissolution order, which stopped short of banning the app but ordered the dissolution of its Canadian business.

The future of TikTok in the U.S. remains uncertain as discussions continue over national security concerns and potential ownership changes. Trump has expressed interest in a joint venture where a U.S.-based company would control a significant share of TikTok.



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