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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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Turning Point in U.S. Strategy: Strikes Signal Trump’s More Interventionist Path

Donald Trump's decision could become the biggest US military campaign since Afghanistan and Iraq.

U.S. military strikes carried out under President Donald Trump have underscored a notable shift toward a more interventionist foreign policy approach. While Trump once emphasized limiting America’s overseas entanglements, recent actions reflect a willingness to use force assertively in pursuit of strategic goals. Reports describe these operations as part of a broader pattern in which the administration has intervened more frequently in the political and security affairs of other nations, despite earlier pledges to avoid such involvement. 

Analysts note that the strikes—particularly those conducted jointly with allies—represent some of the most consequential decisions of Trump’s presidency. In the case of Iran, for example, large-scale attacks have been described as a major foreign policy gamble, demonstrating the administration’s readiness to project military power while raising concerns about escalation and long-term regional instability. 

Critics argue that these actions amount to an increasingly aggressive agenda that has drawn international scrutiny. Observers point to a growing list of countries where the U.S. has applied military pressure or issued threats, suggesting a broader strategic posture that prioritizes force over diplomacy. Others warn that certain strikes may violate international law and risk deepening conflict, urging renewed diplomatic efforts to prevent humanitarian crises.

Taken together, the strikes mark a significant evolution in U.S. foreign policy under Trump—one defined by heightened intervention, expanded military engagement, and complex geopolitical consequences.


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