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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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Relentless Winter Storm Unleashes Chaos Across California

          A car is buried in mud after a series of storms Thursday, Dec. 25, 2025, in Wrightwood, Calif.

A powerful winter storm sweeping across California has triggered widespread flooding, dangerous mudslides, and significant disruptions to daily life. The system, fueled by an atmospheric river, dumped several inches of rain in a matter of hours, overwhelming drainage systems and saturating already‑vulnerable hillsides.

Communities in Southern California were hit especially hard as rushing water inundated streets, stranded vehicles, and forced emergency crews into swift‑water rescues. In the foothill regions, mudslides tore through neighborhoods, damaging homes and prompting mandatory evacuations in areas scarred by recent wildfires.

State officials urged residents to remain alert as additional rainfall is expected to continue through the weekend. Meteorologists warn that even moderate showers could trigger further landslides due to unstable ground conditions.

Despite the challenges, emergency responders and local volunteers have mobilized quickly, setting up shelters and distributing supplies to displaced families. As the storm continues its path, Californians brace for more turbulent weather while hoping for a swift return to calmer conditions.


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