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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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TFI International Plans U.S. Move Amid Trade War Concerns

In a significant move, Canadian trucking and logistics giant TFI International Inc. has announced its intention to relocate its headquarters to the United States. This decision comes as the company faces increasing pressure from a potential trade war between Canada and the U.S.

TFI International, which has been trading on the New York Stock Exchange since February 2020, cited that approximately 70% of its operations and a significant portion of its shareholders are based in the U.S. This shift aims to align the company's legal domicile with its operational and shareholder base.

The announcement has sparked criticism from one of TFI's largest shareholders, the Caisse de Depot et Placement du Quebec (CDPQ), a public pension manager. CDPQ expressed its dissatisfaction with the decision, emphasizing its commitment to Quebec's economic development.

TFI International has been known for its aggressive acquisition strategy, having acquired 137 companies in the U.S., Canada, and Mexico since 2008. Notable acquisitions include Texas-based Daseke Inc. for $1.1 billion in 2024 and UPS Freight for $800 million in 2021.

As the company prepares for this significant transition, it remains to be seen how the move will impact its operations and shareholder relations in the long term.



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