Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Escalating Conflict: Israeli Strikes in Gaza Result in Civilian Casualties

 

In a series of intense military operations, Israeli airstrikes across the Gaza Strip have resulted in the deaths of at least 20 Palestinians, according to medical sources. The strikes targeted various locations, including residential areas and temporary shelters housing displaced families.

Among the casualties were six individuals killed in attacks on tents in the coastal area of Al-Mawasi, designated as a humanitarian zone. Additionally, an airstrike on a house in Gaza City claimed the lives of seven people and injured ten others. The Gaza Health Ministry reported that 76 Palestinians have been killed in the past 24 hours due to ongoing Israeli military actions.

The Israeli military has stated that these operations are aimed at targeting “terrorist infrastructure” in response to ongoing hostilities with Hamas. However, the strikes have also exacerbated the humanitarian crisis in Gaza, with increasing reports of child malnutrition and shortages of essential supplies.

As the conflict continues, the international community remains deeply concerned about the escalating violence and its impact on civilians in the region.


Labels:

Comments

Post a Comment