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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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Ontario Autism Charity Under Police Investigation for Grant Mismanagement

 

Premier Doug Ford and Jake's House co-founder David Bodanis pose on Nov. 25, 2018 at the charity's "Legend of Distinction Ceremony" honouring Toronto Police Supt. Ron Taverner.


Ontario Provincial Police have opened an investigation into Jake’s House for Autistic Children, a charity that has received substantial provincial funding over the years. The review focuses on how the organization handled government grants after concerns were raised by provincial officials about its financial practices and overall governance.

Jake’s House, known for providing programs and support to families affected by autism, had previously been funded through multiple provincial initiatives, including workforce‑related programs. Government ministries flagged ongoing issues with the charity’s financial oversight, prompting the province to halt funding and refer the matter to police.

The OPP’s anti‑rackets branch is now examining whether public funds were managed appropriately. The investigation remains active, and neither the charity nor provincial officials have publicly detailed the specific concerns under review.


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