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Markets Digest Hot U.S. Inflation as Iran Tensions Keep Oil Elevated

Publication:  moneysavings.ca / Canadian Money Brief  Date:  Tuesday, May 13, 2026 The TSX opens cautiously Wednesday after hotter-than-expected U.S. CPI data rattled Wall Street on Tuesday, while Strait of Hormuz disruptions continue to lift energy stocks and pressure the loonie toward 1.35 against the greenback. TSX ~34,291 S&P 500 7,400.96 ▼0.16% WTI Oil ~$102/bbl ▲ Gold ~$4,721 USD/oz ▼ USD/CAD ~1.35 US CPI Apr 3.8% ▲ (est. 3.7%) Market Overview Canadian investors are starting Wednesday on a cautious note following a mixed session south of the border. U.S. equities dipped Tuesday after April's consumer price index came in at 3.8% — a touch above the 3.7% consensus forecast and the highest reading since May 2023 — while the core rate held at 2.8%, also above expectations. The data has effectively closed the door on any Federal Reserve rate cuts in 2026, with traders now pricing in a roughly 70% chance of a rate hike by April 2027. For Canadians, the ripple effects...
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Tax-Loss Selling Targets: A Look at Some Table-Pounding Buys

 


With the end of the year nearing, many investors are looking for ways to minimize their tax bill by applying tax-loss harvesting, the technique of selling investments that have lost value in order to offset capital gains and lower an investor’s tax burden. 

Tax-loss harvesting can help investors reduce their taxable income, diversify their portfolio, and take advantage of market fluctuations. 

However, one of the risks and limitations to consider is the wash-sale rule, which prevents investors from claiming a loss on a sale of an investment if they buy a substantially identical investment within 30 days before or after the sale. This rule is designed to prevent investors from artificially creating losses for tax purposes. 

 There are also some other risks to consider, such as transaction costs, and opportunity costs.

Here are three attractive buying opportunities for companies whose shares have experience downward pressure this year: Canadian Tire Corp. Ltd., TC Energy Corp., and Toronto-Dominion Bank are three companies that have suffered lower share prices due to tax-loss selling and represent compelling buying opportunities.


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