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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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Alberta Launches Urgent Review After Edmonton Man Dies Waiting for ER Care

 

Prashanth Sreekumar, 44, shown in this undated handout photo with his wife and three children.

The Alberta government has ordered an urgent review after a 44‑year‑old Edmonton man died while waiting nearly eight hours for care in a hospital emergency department. Prashanth Sreekumar, a father of three, arrived at Grey Nuns Community Hospital earlier in the week experiencing severe chest pain. Initial tests reportedly showed no abnormalities, but his condition worsened as he waited to see a physician.

Sreekumar suffered an apparent cardiac arrest in the waiting area and could not be revived. His death has sparked widespread concern about emergency room wait times and the strain on Alberta’s health‑care system. Health Minister Matt Jones directed Acute Care Alberta and Covenant Health to conduct a joint review of the circumstances leading to the incident, while the Office of the Chief Medical Examiner has also launched an independent investigation.

Family members and friends say the tragedy was preventable and are calling for accountability, improved triage processes, and systemic changes to ensure no other patient faces similar delays. The case has intensified ongoing debates about ER overcrowding and staffing shortages across the province.


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