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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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Final Countdown: Harris and Trump Make Last Push as Election Day Nears

 

With just six days remaining until the U.S. presidential election, the race between Vice President Kamala Harris and former President Donald Trump is reaching its climax. Both candidates are intensifying their campaigns in key battleground states, aiming to sway undecided voters and solidify their support base.

Harris is focusing on economic issues and job creation, emphasizing her plans to reduce living costs and restore abortion rights protections. She has been campaigning in North Carolina, Pennsylvania, and Wisconsin, highlighting her commitment to addressing the needs of working families.

Trump, on the other hand, is appealing to religious voters and emphasizing his stance on immigration. He has been holding rallies in North Carolina and Wisconsin, where he continues to draw large crowds. Trump's campaign has faced criticism over recent racist remarks made by a comedian at one of his rallies, but he remains undeterred in his efforts to energize his base.

Early voting numbers have reached unprecedented levels, with millions of Americans already casting their ballots. The outcome of this election will hinge on voter turnout and the efficiency of the vote-counting process. As Election Day approaches, both candidates are making their final appeals to voters, hoping to secure a victory on November 5.
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