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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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Runway Chaos at Toronto Pearson: Delta Flight 4819 Flips, 18 Injured

 

Delta Connection Flight 4819—a Bombardier CRJ900 operated by Endeavor Air—crashed during landing at Toronto Pearson International Airport on Monday amid challenging winter conditions. The jet touched down amid gusty winds and lingering snowfall before losing control and flipping onto its roof. All 80 passengers and crew survived the dramatic incident, although at least 18 people sustained injuries, including one critically injured child and two adults who required air ambulance transport to local hospitals. 

Emergency response teams swiftly evacuated everyone from the overturned aircraft, and airport operations were temporarily suspended while investigators from the Transportation Safety Board of Canada and the U.S. National Transportation Safety Board began probing the incident. 

Delta Air Lines expressed relief that no lives were lost and extended thanks to first responders on site. The airline’s incident response team has been deployed to assist those affected, as the investigation continues to determine whether the severe weather or other factors contributed to the loss of control during landing. 


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