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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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Gaza Ceasefire Talks Stalled Amid Deepening Humanitarian Crisis

 

The ongoing conflict in Gaza has reached a critical juncture as ceasefire talks remain deadlocked. Hamas, the Palestinian militant group, is steadfastly adhering to its terms for a ceasefire deal and a potential hostage exchange with Israel. Meanwhile, the United States has indicated that the negotiations in Cairo are “in the hands of” Hamas, emphasizing the group’s pivotal role in finding a resolution.

Negotiators from Hamas, Qatar, and Egypt are currently in Cairo, striving to secure a 40-day ceasefire in the war between Israel and Gaza. However, Israel’s absence from the talks complicates the process, leaving critical issues unresolved.

The situation on the ground is dire. The humanitarian crisis in Gaza has deepened, affecting civilians who are already grappling with the devastating impact of the conflict. Healthcare facilities are struggling without electricity, and civilians find themselves virtually “cut off from the outside world.” The need for a ceasefire is urgent, not only for the immediate relief it would provide but also to prevent further escalation that threatens peace and security for both Palestinians and Israelis.

As the talks continue, the international community closely watches, hoping for a breakthrough that can alleviate the suffering and pave the way for a more stable future in the region.




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