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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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Ukraine Marks Rare Breakthrough With Liberation of Eight Settlements

 

Ukraine's President Volodymyr Zelenskiy and Commander in Chief of the Ukrainian Armed Forces Colonel General Oleksandr Syrskyi listen a report of Denys Prokopenko, commander of the 1st Corps of the Ukrainian National Guard 'Azov', while they visit a position of Ukrainian service members.

Ukraine has announced the recapture of eight settlements in the eastern part of the country, marking one of its few notable battlefield gains in recent months. The advance, though limited in scale, is being framed by Ukrainian officials as a meaningful sign of resilience amid a grinding conflict that has largely favored entrenched Russian positions.

Military spokespeople described the operation as a coordinated push that reclaimed several small but strategically useful villages, helping to stabilize defensive lines and relieve pressure on nearby front‑line units. While the settlements themselves are modest in size, their recovery offers a symbolic boost at a time when Ukraine has faced ammunition shortages, delayed foreign aid, and intensified Russian assaults.

Analysts caution that the gains do not signal a major shift in momentum, but they do highlight Ukraine’s continued ability to exploit vulnerabilities and maintain tactical initiative where possible. For Kyiv, even incremental progress serves as a reminder—to both domestic and international audiences—that its forces remain determined and capable despite the war’s prolonged challenges.


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