Skip to main content

Featured

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 ...
Post a Comment
Read more

article

Labels

Centrist Benny Gantz Resigns from Israeli War Cabinet Amid Frustrations with Netanyahu

 

Benny Gantz, a centrist member of Israel’s three-man war Cabinet, announced his resignation on Sunday, citing Prime Minister Benjamin Netanyahu’s mismanagement of the war effort and prioritization of his own “political survival” over the country’s security needs. Gantz’s departure does not immediately threaten Netanyahu’s majority coalition in parliament, but it leaves the Israeli leader more reliant on far-right allies who oppose the latest U.S.-backed cease-fire proposal and advocate for continued military action.

Gantz, a popular former military chief, had joined Netanyahu’s government shortly after the Hamas attack in a show of unity. His presence bolstered Israel’s credibility with international partners, particularly the United States. However, his frustration with Netanyahu’s lack of a new plan for postwar Gaza led to his decision to step down. Gantz called for elections in the fall and encouraged Defense Minister Yoav Gallant to follow suit and resign from the government as well.

The move highlights the ongoing tensions within the Israeli government and underscores the challenges of managing the conflict in Gaza. As Netanyahu faces increased reliance on right-wing members of his government, the international community watches closely, concerned about the impact on stability and prospects for peace in the region.

Labels:

Comments

Post a Comment