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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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Thailand’s Senate Passes Landmark Bill to Legalize Same-Sex Marriage

 

Thailand has taken a significant step towards marriage equality by passing a groundbreaking bill in the Senate. The legislation, which recognizes same-sex marriage, makes Thailand the first country in Southeast Asia to do so. Here are the key points:

  1. Approval in the Senate:

    • The upper house approved the measure with 130 votes in favor out of 152 members present, with only four against and 18 abstentions.
    • This final reading paves the way for Thailand to officially recognize same-sex marriages.

  2. Next Steps:

    • The bill now awaits the pro forma endorsement of King Maha Vajiralongkorn, which is widely expected.
    • Once published in the royal gazette, the law will take effect within 120 days.

  3. Implications:

    • Thailand will become the third Asian jurisdiction, after Nepal and Taiwan, to legalize gay marriage.
    • The legislation replaces gender-specific terms like “men,” “women,” “husbands,” and “wives” with gender-neutral language.
    • LGBTQ couples will gain inheritance and adoption rights equal to those of heterosexual marriages.

  4. Celebration and Progress:

    • Politicians and activists celebrated in the National Assembly, waving rainbow flags and expressing solidarity with the LGBTQ community.
    • Prime Minister Srettha Thavisin, a vocal supporter of LGBTQ rights, will host celebrations at his official residence.

  5. Historic Moment:

    • Plaifah Kyoka Shodladd, a member of the parliamentary committee on same-sex marriage, called it a historic day: “Today, love triumphed over prejudice.”
    • Despite Thailand’s vibrant LGBTQ culture, activists have long fought against conservative attitudes.

In summary, Thailand’s Senate has taken a monumental step forward, recognizing love and equality for all. Soon, same-sex couples in Thailand will have the legal recognition they deserve. 

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