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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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Tragic Midair Collision Near DC: Passenger Jet and Army Helicopter Crash

A devastating midair collision occurred near Ronald Reagan National Airport on Wednesday evening, resulting in a tragic crash into the Potomac River. The incident involved an American Airlines passenger jet, Flight 5342, carrying 60 passengers and four crew members, and a U.S. Army Black Hawk helicopter on a training exercise.

The crash took place around 9 p.m. ET, just over 3 miles south of the White House and the U.S. Capitol. According to the Federal Aviation Administration (FAA), the collision happened moments before the jet was scheduled to land. Air traffic controllers had cleared the jet to land on a shorter runway, and the pilots agreed to the new approach. However, less than 30 seconds before the crash, an air traffic controller asked the helicopter if it had the arriving plane in sight. There was no response, and seconds later, the two aircraft collided.

Emergency response teams launched a massive search-and-rescue operation, deploying inflatable boats and helicopters to search for survivors. Unfortunately, multiple fatalities were reported, though an official death toll has not yet been released. Among the passengers on the jet were Russian figure skaters Evgenia Shishkova and Vadim Naumov, who were returning from the 2025 U.S. Figure Skating Championships in Wichita, Kansas.

The investigation into the crash is ongoing, with authorities focusing on the final moments before the collision and the communication between the aircraft and air traffic controllers. The FAA and the Army have launched a joint investigation to determine the cause of the accident and to prevent similar incidents in the future.

The crash has raised concerns about the congested airspace over Washington, D.C., and the need for improved coordination between civilian and military aircraft. Transportation Secretary Sean Duffy announced that the FAA would review flight paths to ensure adequate separation between different types of aircraft.

As the investigation continues, the nation mourns the loss of lives and hopes for answers that will prevent such tragedies in the future.




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