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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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Diplomatic Progress Tempered by Kremlin’s Firm Stance on Territory

President Putin welcomes Trump's special envoy Steve Witkoff, son-in-law Jared Kushner and Josh Gruenbaum, Commissioner of the U.S. Federal Acquisition Service.

Russian President Vladimir Putin’s meeting with a group of U.S. envoys has opened the door to further diplomatic engagement, but Moscow insists that any meaningful progress will hinge on resolving long‑standing territorial disputes.

The talks, described by Russian officials as direct and substantive, focused on outlining the next phase of security discussions expected to take place in Abu Dhabi. Both sides reportedly explored potential frameworks for de‑escalation and future negotiations involving Ukraine.

Despite the constructive tone, the Kremlin made clear that territorial questions remain the central barrier to a broader settlement. Russian officials reiterated that regions Moscow claims as its own must be recognized accordingly — a position Ukraine rejects outright.

Additional economic discussions are planned between Russian and U.S. representatives, signaling that 

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