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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 to Introduce €3 Duty on Online Parcels Starting July 2026


The European Union has announced that from July 2026, a €3 duty will be applied to all e-commerce parcels entering the bloc. The measure is part of a broader effort to modernize customs procedures, ensure fair competition, and strengthen revenue collection from the rapidly growing online shopping sector.

Currently, small parcels valued under €150 often bypass traditional customs duties, creating loopholes that favor certain sellers outside the EU. The new flat-rate fee aims to simplify the process, reduce fraud, and level the playing field for European businesses.

While the duty is expected to generate significant revenue, critics warn it could increase costs for consumers who frequently purchase low-value items from international platforms. Supporters argue that the measure will enhance transparency and help fund public services, while also encouraging buyers to shop locally.

The EU plans to roll out digital customs systems alongside the new duty, making parcel tracking and fee collection more efficient.


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