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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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EU Slaps Google with $3.5B Fine Over Digital Ad Monopoly Allegations



The European Commission has fined Google €2.95 billion (about $3.5 billion) for allegedly abusing its dominance in the digital advertising technology market. Regulators say the tech giant unfairly favored its own ad services—such as its AdX exchange and DFP ad server—over rival platforms, distorting competition and harming advertisers, publishers, and consumers.

The ruling orders Google to end its “self-preferencing” practices and address conflicts of interest within its adtech supply chain. The company has 60 days to propose remedies or face stronger measures, which could include structural changes to its business.

This marks the fourth major EU antitrust penalty against Google since 2017, adding to a growing list of regulatory battles on both sides of the Atlantic. Google has rejected the decision, calling it “unjustified” and warning that the mandated changes could hurt thousands of European businesses. The company plans to appeal.

If the Commission is not satisfied with Google’s proposals, it has signaled that breaking up parts of the company’s ad business remains on the table.


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