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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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Tragedy Strikes Sumy: Over 30 Lives Lost in Missile Attack

In a devastating turn of events, a Russian missile strike on the Ukrainian city of Sumy has claimed the lives of at least 32 people, including children, and left 84 others injured. The attack occurred on Palm Sunday, a day meant for peace and reflection, as two ballistic missiles struck the city center around 10:15 a.m. local time.

The aftermath painted a grim picture, with rescue teams working tirelessly amidst the rubble of destroyed buildings and burnt-out vehicles. Acting Mayor Artem Kobzar described the incident as a "terrible tragedy," emphasizing the profound loss felt by the community.

Ukrainian President Volodymyr Zelenskyy condemned the attack, calling for a global response to what he described as acts of terror. This strike marks yet another escalation in the ongoing conflict, highlighting the urgent need for international intervention and a push towards peace.

The attack on Sumy is a stark reminder of the human cost of war, leaving a community in mourning and the world grappling with the consequences of prolonged conflict.

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