Skip to main content

Featured

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 ...
Post a Comment
Read more

article

Labels

Carney Set to Roll Out Major Affordability Plan

                                            Prime Minister Mark Carney

 is preparing to unveil a wide‑ranging package of measures aimed at easing the financial pressure facing households across the country. The initiative is expected to focus heavily on boosting direct support for low‑ and middle‑income Canadians as living costs continue to strain family budgets.

A central feature of the package is an expansion of the GST credit, which would increase quarterly payments for millions of eligible recipients. Early indications suggest the enhanced credit would deliver meaningful additional support over the coming years, offering relief to single adults, couples, and families who have been hit hardest by rising prices.

The affordability package is also expected to include targeted measures to help with essential expenses such as groceries, building on previous rebates and cost‑of‑living supports. Together, these steps signal a renewed push by the federal government to address economic pressures as Parliament resumes and affordability remains a top concern for Canadians.


Labels:

Comments

Post a Comment