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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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Tragedy Strikes: Deadly Stampede in India Due to Overcrowding and Lack of Exits

In a heart-wrenching incident at a religious festival in Northern India, a deadly stampede claimed the lives of at least 121 people. The tragedy unfolded due to a combination of factors, including massive overcrowding, insufficient exits, and treacherous, slippery mud.

Thousands of people had gathered at the event, and as they rushed to leave a makeshift tent, chaos ensued. The lack of proper exits exacerbated the situation, leading to panic and a fatal crush. Emergency responders worked tirelessly to rescue victims and provide medical aid, but the toll was devastating.

Local official Manish Chaudhry confirmed that five more people lost their lives on Wednesday morning, and 28 others remained hospitalized. The scene was one of grief, with family members mourning their loved ones who fell victim to this preventable disaster.

As authorities investigate the incident, questions arise about safety protocols, crowd management, and infrastructure planning. The loss of so many lives underscores the urgent need for better precautions during large gatherings, ensuring that tragedy does not strike again.


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