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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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Northern Pressure: Trump’s Renewed Focus on Canada’s Strategic Weak Spots

 

                                            Trump urges Canada to boost defence spending.


Donald Trump has recently shifted his attention toward Canada, emphasizing what he views as the country’s growing vulnerability in the Arctic. His concerns revolve around the rapid geopolitical changes unfolding in the far north, where melting ice and emerging shipping routes have intensified global competition.

Trump has questioned whether Canada is adequately prepared to defend its northern territories, especially as major powers increase their presence in the region. His administration has signaled interest in strengthening security cooperation with Ottawa, though discussions remain at an early stage.

Some observers see this focus as part of a broader effort to push allies to invest more heavily in defense. Others interpret it as a response to the Arctic’s rising economic and strategic importance.

What’s certain is that Trump’s renewed attention has sparked debate on both sides of the border about sovereignty, preparedness, and the future of North American collaboration in one of the world’s most rapidly changing regions.


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