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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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Greece Accelerates Debt Reduction with €5.3 Billion Early Repayment

 

The Greek economy is gradually rebounding from a 2009-2018 crisis that saw it nearly drop out of the euro zone and that triggered years of social unrest.

Greece has taken a significant step toward strengthening its financial stability by repaying €5.3 billion in bailout debt ahead of schedule. The debt, originally due after 2031, was part of the country’s first bailout package in 2010 from eurozone partners. According to government officials, this early repayment will save Greece €1.6 billion in interest payments by 2041 and help reduce its debt-to-GDP ratio to below 120% by 2029.

The repayment was made through the European Commission to each eurozone country involved in the bailout. This move highlights Greece’s steady recovery from the 2009–2018 debt crisis, which nearly forced the nation out of the eurozone and triggered years of austerity measures, wage cuts, and social unrest.

While Greece still holds the highest debt-to-GDP ratio in the euro area, the early repayment demonstrates improved fiscal credibility and signals confidence in the country’s economic trajectory. Analysts note that this action not only reduces future financial burdens but also strengthens Greece’s reputation among European partners.

This milestone reflects a broader effort by Athens to rebuild trust and stability after a decade of economic hardship. By accelerating debt reduction, Greece is positioning itself for stronger growth and greater resilience in the years ahead.


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