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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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Divided Reactions in Acadie-Annapolis as MP Chris d’Entremont Joins Liberals

Prime Minister Mark Carney walks with MP Chris d'Entremont to a meeting of the Liberal caucus on Parliament Hill in Ottawa, on Wednesday, Nov. 5, 2025. 

Nova Scotia’s political scene was shaken this week when Chris d’Entremont, MP for Acadie-Annapolis, announced he was leaving the Conservative caucus to join the governing Liberals. The decision, made shortly after the federal budget was tabled, has left his riding split.

For some, the move is seen as a strategic choice that could bring more influence and federal investment to the region. Supporters argue that being part of the governing party gives d’Entremont a stronger hand in securing funding for local projects and infrastructure.

Others, however, feel deeply disappointed, saying the switch betrays the trust of voters who elected him as a Conservative. Critics insist that he should have sought a new mandate before crossing the floor, rather than changing allegiances mid-term.

In his announcement, d’Entremont emphasized that his decision was guided by the needs of his constituents, pointing to priorities such as economic development and community infrastructure.

Nationally, the move narrows the gap between the Liberals and a majority government, raising questions about whether other MPs might follow suit.

Locally, though, the debate is far from settled. Some residents welcome the potential benefits of stronger ties to Ottawa, while others remain skeptical, worried that political loyalty has been sacrificed for short-term gain.


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