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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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Quebec’s Groundhog Fred Signals an Early Spring

 

Shubenacadie Sam exits her burrow at a Groundhog Day event at the Shubenacadie Wildlife Park in Nova Scotia on Sunday, Feb. 2, 2025. Sam saw her shadow and predicts six more weeks of winter. 


Quebec’s beloved weather‑predicting groundhog, Fred la Marmotte, delivered welcome news this morning after emerging from his burrow and not seeing his shadow—an outcome traditionally interpreted as a sign that spring will arrive ahead of schedule.

The annual Groundhog Day event in Val-d’Espoir drew crowds despite chilly temperatures, with spectators eager to hear Fred’s forecast. According to folklore, a shadowless emergence means winter’s grip is loosening, offering hope for milder days sooner than expected. Local organizers celebrated the prediction, noting that Fred’s early‑spring call has become a cherished tradition for families across the province.

While meteorologists remind Canadians that groundhog predictions are more symbolic than scientific, the ritual remains a joyful midwinter moment—one that gives people a reason to smile as they look forward to brighter, warmer days.


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