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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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Powerful Earthquake Strikes Northern Afghanistan, Leaving Dozens Dead and Hundreds Injured

 

The 6.3-magnitude quake struck overnight with the epicentre near the city of Mazar-i-Sharif, according to the US Geological Survey.


A 6.3-magnitude earthquake struck northern Afghanistan overnight, killing at least 20 people and injuring more than 300 others. The tremor hit near the city of Mazar-i-Sharif in the Hindu Kush region at around 12:59 a.m. local time on November 3, 2025, at a depth of 28 kilometers.

The quake caused significant damage to homes, infrastructure, and cultural landmarks, including the Blue Mosque in Mazar-i-Sharif, one of Afghanistan’s most iconic religious sites. Rescue teams and local residents have been working through the rubble in search of survivors, while hospitals in the region are struggling to cope with the influx of injured.

The United Nations and humanitarian agencies have mobilized quickly, with emergency medical assistance and food supplies being rushed to the affected areas. Officials have warned that the death toll may rise as search and rescue operations continue in remote villages.

This disaster comes just two months after another devastating earthquake in eastern Afghanistan that killed more than 2,000 people, underscoring the country’s vulnerability to seismic activity. With foreign aid dwindling and infrastructure weakened by years of conflict, Afghanistan faces immense challenges in mounting an effective response.

Local authorities have appealed for international support, stressing the urgent need for medical supplies, shelter, and food assistance. Survivors, many of whom have been left homeless, are bracing for cold nights as winter approaches.

The quake is the latest in a series of natural disasters that have tested Afghanistan’s resilience, highlighting the urgent need for stronger disaster preparedness and international cooperation to support recovery efforts.


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