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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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Aid Bottleneck: Gaza’s North Still Starving Despite Daily Food Deliveries

Trucks carry aid for Palestinians, amid a ceasefire between Israel and Hamas in Gaza, in Khan Younis, in the southern Gaza Strip

Despite an average of 560 tonnes of food entering Gaza each day since the ceasefire began, aid convoys are struggling to reach the famine-stricken north. According to the United Nations, damaged infrastructure and the closure of key routes have left thousands in Gaza City and surrounding areas without access to desperately needed supplies.

Humanitarian officials warn that while the flow of aid into southern Gaza has improved, the crisis in the north remains acute. Malnutrition, homelessness, and the collapse of basic services have pushed conditions beyond famine thresholds, particularly for children.

UN humanitarian chief Tom Fletcher stressed that “thousands of aid vehicles would have to enter weekly” to stabilize the situation. For now, the ceasefire has opened only a narrow window of opportunity, and aid groups continue to call for safe, sustained access to the hardest-hit regions.


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