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

Tensions Flare at White House as Zelensky, Trump, and Vance Clash

In a dramatic turn of events, a meeting at the White House between Ukrainian President Volodymyr Zelensky, U.S. President Donald Trump, and Vice President JD Vance erupted into a heated exchange. The meeting, initially intended to celebrate a mineral rights deal between the United States and Ukraine, quickly devolved into a shouting match.

The confrontation began when Vice President Vance accused Zelensky of showing a lack of gratitude for the aid provided by the United States to combat Russia's invasion of Ukraine. Vance's comments were met with a strong response from Zelensky, who defended his country's position and expressed the need for continued support.

President Trump, visibly frustrated, raised his voice and warned Zelensky about the potential consequences of his actions, stating that he was "gambling with World War III". The tense atmosphere in the Oval Office was palpable as the leaders exchanged sharp words in front of reporters.

The meeting, which was supposed to mark a significant step forward in U.S.-Ukraine relations, instead highlighted the deep-seated tensions and differing perspectives between the leaders. The fallout from this confrontation remains to be seen, but it has undoubtedly added a new layer of complexity to the ongoing discussions between the two nations.

Labels:

Comments

Post a Comment