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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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New Era of U.S. Tax Policy Brings Permanent Cuts for Households and Businesses

                                   People walk on Fifth Avenue in New York City, U.S., August 7, 2025.

The United States is entering a sweeping new phase of tax policy as a major federal overhaul takes effect, delivering permanent tax cuts for both households and businesses. Economists expect these changes to play a significant role in shaping economic activity in the years ahead.

Boost for Households

The overhaul introduces a range of individual tax reductions designed to increase take‑home pay and expand disposable income. Adjusted withholding levels and larger refunds are expected to give many Americans a noticeable financial lift early in the year. The law also removes federal income tax on tipped wages, a change projected to benefit millions of workers across service industries.

Business Incentives and Investment

Businesses are also set to gain from permanent rate reductions and expanded incentives. Updated depreciation rules, small‑business stock provisions, and opportunity‑zone enhancements aim to stimulate investment and support long‑term growth. Analysts suggest these measures could strengthen corporate balance sheets and encourage expansion across multiple sectors.

Economic Outlook

Many economists view the tax cuts as a key driver of the U.S. economic forecast, with expectations of increased consumer spending and business activity as the new rules take hold. While debate continues over the long‑term fiscal impact, the immediate effect is clear: the tax landscape for American households and companies has been fundamentally reshaped.

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