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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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Canada Greenlights Next-Gen COVID-19 Vaccines Ahead of Fall Season



Health Canada has approved updated COVID-19 vaccines from Pfizer-BioNTech and Moderna, paving the way for their rollout ahead of the upcoming respiratory virus season.

Both vaccines — Pfizer’s Comirnaty and Moderna’s Spikevax — have been reformulated to target the LP.8.1 variant, a descendant of Omicron currently under global monitoring. The updated shots are authorized for individuals aged six months and older, with provincial and territorial health authorities determining eligibility and distribution plans.

Moderna will manufacture doses for the Canadian market at its new facility in Laval, Quebec, with final syringe preparation in Cambridge, Ontario — marking a milestone in domestic vaccine production.

The National Advisory Committee on Immunization recommends priority vaccination for seniors, long-term care residents, immunocompromised individuals, health-care workers, and others at higher risk of severe illness.

The vaccines are expected to be available in pharmacies, clinics, and public health sites across the country this fall, with most provinces offering them free of charge to eligible residents.

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