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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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Canada’s Population Surpasses 41 Million in Q1 2024

 

In a significant milestone, Canada’s population exceeded 41 million people during the first quarter of 2024, according to Statistics Canada. The agency reported a growth rate of 0.6%, resulting in a total population of 41,012,563 as of April 1. Let’s delve into the details:

  1. Immigration Surge: The increase was fueled by the arrival of 121,758 immigrants in the first quarter. Canada continues to be an attractive destination for newcomers seeking better opportunities and quality of life.

  2. Net Emigration: Despite the positive trend, 12,613 people left the country during the same period. Factors such as job opportunities, economic conditions, and personal circumstances contribute to emigration.

  3. Non-Permanent Residents: Canada also welcomed 131,810 non-permanent residents, including students, temporary workers, and visitors. However, it’s worth noting that growth in this category occurred before the announcement of caps on permits for non-permanent residents in 2024.

The population surge reflects Canada’s diverse and dynamic society, shaped by immigration, economic factors, and social changes. As the nation continues to evolve, policymakers and communities must address the implications of this growth.


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