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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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Devastating Earthquake Strikes Myanmar and Thailand, Leaving Over 150 Dead

 

A powerful 7.7 magnitude earthquake struck Myanmar and Thailand on March 28, 2025, causing widespread destruction and loss of life. The epicenter was located near Mandalay, Myanmar's second-largest city, and the tremors were felt as far as Bangkok, Thailand's bustling capital.

In Myanmar, at least 144 people lost their lives, and over 730 were injured. The quake caused buildings, bridges, and even a monastery to collapse, leaving rescue teams scrambling to pull survivors from the rubble. The situation is dire, with blood supplies running low and the death toll expected to rise.

In Thailand, the earthquake claimed at least 10 lives in Bangkok, where a high-rise under construction collapsed, leaving many injured and over 100 people missing. The city's residents were evacuated from high-rise buildings as aftershocks, including one measuring 6.4 magnitude, continued to shake the region.

The disaster has prompted international aid efforts, with the United Nations allocating $5 million to support relief operations. However, the full extent of the damage remains unclear, particularly in Myanmar, which is already grappling with a humanitarian crisis due to ongoing civil conflict.

This tragic event serves as a stark reminder of the vulnerability of the region to seismic activity and the urgent need for disaster preparedness and support.


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