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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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Russia Pauses Strikes on Ukraine’s Power Grid After Trump’s Request

An emergency service truck stands next to an apartment building, which was hit during overnight Russian drone strikes in the town of Bilohorodka, amid Russia's attack on Ukraine, in the Kyiv region, Ukraine, January 28, 2026.

Russia has temporarily halted its air attacks on Ukraine’s power grid following a direct request from U.S. President Donald Trump. The pause is expected to last until Sunday and comes as Ukraine faces severe winter weather that has strained its already damaged energy infrastructure.

Ukrainian officials say the lull offers a brief but meaningful opportunity to stabilize parts of the grid and restore power to affected regions. While some drone activity has continued near frontline areas, major cities such as Kyiv reported a noticeably quieter night after the announcement.

The decision marks a rare moment of de‑escalation amid a conflict that has heavily targeted civilian infrastructure. Ukrainian leaders have indicated they are prepared to respond cautiously, watching closely to see whether the pause holds through the weekend.


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