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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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Yahya Sinwar: From Militant to Hamas Leader

 

Yahya Sinwar, the mastermind behind the October 7 attacks on Israel, has been announced as the new leader of the militant group Hamas . Here are some key points about Sinwar:

  1. Background and Early Life:

    • Born in 1962 in a refugee camp in Gaza’s Khan Younis, Sinwar was an early member of Hamas, which formed in 1987.
    • He led the group’s security arm, working to eliminate spies for Israel.
    • His ruthless reputation earned him the nickname “The Butcher of Khan Younis.”

  2. Imprisonment and Release:

    • Israel arrested Sinwar in the late 1980s, and he admitted to killing 12 suspected collaborators.
    • He was sentenced to four life terms, but in 2011, Prime Minister Benjamin Netanyahu released him in exchange for an Israeli soldier captured by Hamas.

  3. Rise to Power in Gaza:

    • Back in Gaza, Sinwar quickly climbed Hamas’ leadership ranks.
    • He orchestrated the 2016 killing of another top Hamas commander, Mahmoud Ishtewi, in an internal power struggle.
    • Sinwar became head of Hamas in Gaza, aligning the group with Iran and building its military capabilities.

  4. The October 7 Attack:

    • Sinwar, along with Mohammed Deif (head of Hamas’ armed wing), engineered the surprise attack on Israel.
    • The attack killed about 1,200 Israelis (mostly civilians) and sparked a war that claimed nearly 40,000 Palestinian lives in Gaza .

  5. Challenges Ahead:

    • Sinwar has been in hiding since the attack, making day-to-day operations challenging for Hamas .
    • As the new leader, he faces complex geopolitical dynamics and the ongoing Israeli-Palestinian conflict.

In summary, Yahya Sinwar’s journey from a refugee camp to Hamas leader reflects both resilience and ruthlessness, shaping the group’s future under his leadership.

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