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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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Keeping It in the Family: Renting Without Tax Trouble in Canada


Renting property to friends or relatives can feel straightforward—after all, you trust them, and the arrangement is personal. But the Canada Revenue Agency (CRA) treats these situations with the same scrutiny as any other rental. Missteps can lead to tax headaches you don’t want.

Fair Market Rent Matters

If you charge less than the property’s fair market value, the CRA may consider it a non–arm’s length arrangement. This could limit the expenses you can deduct, or disqualify you from claiming a rental loss. To stay onside, research comparable rental rates in your area and document them.

Keep Detailed Records

Whether your tenant is a best friend or a sibling, maintain formal rental agreements, payment records, and receipts. If the CRA asks, you’ll need to show the relationship is managed like a business transaction.

Report Rental Income Accurately

All rental income must be reported on your tax return, even if you consider it more of a cost-sharing arrangement. Underreporting—or omitting it altogether—can trigger penalties.

Don’t Blur the Lines

Mixing personal favors with business can cause confusion. Be clear about terms from the start: rent amount, due dates, included utilities, and maintenance responsibilities.


Handled correctly, renting to someone you care about can benefit both parties—without sparking unwanted attention from the taxman. Treat it like any professional rental, and your relationship (and your paperwork) will stay in good standing.


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