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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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Grilled Shrimp Tacos with Avocado Salsa

 

Ingredients: 

  • 1/2 small shallot, roughly chopped
  • 1 jalapeño pepper, seeded and roughly chopped
  • 1 clove garlic, roughly chopped
  • 1 ripe avocado, diced
  • 1 small tomato, diced
  • 1/4 teaspoon salt
  • 1 tablespoon fresh lime juice
  • 2 tablespoons chopped fresh cilantro
  • 1 pound large shrimp, peeled and deveined
  • 1 tablespoon olive oil
  • 1/2 teaspoon chili powder
  • 1/4 teaspoon salt
  • 1/8 teaspoon cayenne pepper
  • 8 corn tortillas


Directions: 

  1. Begin by making the avocado salsa. Combine the shallot, jalapeño pepper, and garlic in a food processor and process until finely minced. Add the mixture to a bowl along with the avocado, tomato, salt, lime juice, and chopped cilantro. Stir to combine.

  2. Next, prepare the shrimp by combining it with the olive oil, chili powder, salt, and cayenne pepper. Toss until evenly combined.

  3. Grill the shrimp over medium heat. If you’re worried your shrimp will slip through, you can always thread them on skewers or just cook them indoors in a skillet. Either way, be careful not to overcook them — they only need a minute or two per side.

  4. Finally, heat the tortillas on the grill or in the microwave, and assemble the tacos with all the fixings.


 

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