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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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Night of Bombardment Forces Gaza Families to Flee as Israelis Rally for Hostage Release

 

A Palestinian woman carries a child, as they inspect the site of an overnight Israeli strike on a house, in Gaza City, August 26, 2025.


After a night of intense Israeli aerial and tank shelling on the outskirts of Gaza City, more Palestinian families have fled their homes, seeking safety further west or south in the enclave. Strikes hit neighborhoods including Sabra, Shejaia, Tuffah, and Jabalia, destroying roads and houses. Local health officials reported at least 34 deaths overnight, with 18 in the Gaza City area.

The Israeli military says its operations target weapons caches and tunnels used by militants, while preparing for what it calls a final offensive against Hamas in Gaza City. The bombardment came a day after an airstrike on Nasser Hospital in Khan Younis killed at least 20 people, including journalists.

In Israel, thousands took part in a “Day of Disruption,” blocking roads and gathering outside defense headquarters to demand the release of hostages and an end to the war. Families of captives criticized the government for lacking a clear strategy, nearly two years into the conflict.

The war, which began on October 7, 2023, has killed tens of thousands of Palestinians and displaced nearly the entire population of Gaza, deepening an already dire humanitarian crisis.

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