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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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Riding the Edge: Surfers Brace for Hurricane Erin’s Swell in Nova Scotia

 

                                       Surfers await Hurricane Erin’s potentially dangerous waves in Nova Scotia 


Along the rugged coastline, boards waxed and wetsuits zipped, local surfers are gathering in anticipation of Hurricane Erin’s looming swells. The Category 2 storm, tracking northeast through the Atlantic, is expected to push large, powerful waves toward the province within the next 48 hours.

While authorities have issued warnings about hazardous surf and strong rip currents, the region’s tight-knit surfing community is eyeing what could be some of the most formidable waves of the season. Seasoned surfers say they’re prepared for the risk, balancing thrill with caution.

“This is nature at its most raw,” one Halifax-based surfer explained. “You respect it, you prepare for it, and you never underestimate it.”

Emergency services continue to advise the public to steer clear of unguarded beaches, as conditions can change rapidly. For those venturing out, the message is clear: skill, preparation, and respect for the ocean are non-negotiable.

The coming days will test the limits — of both the surfers’ mettle and Mother Nature’s power.

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