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

Third Time's the Charm? Canadian Government Faces Another Tory Non-Confidence Vote

 

In Ottawa today, the Liberal government is bracing for its third Conservative non-confidence vote. Despite the tension, the government is expected to survive, thanks to the support of the New Democratic Party (NDP).

The motion, which quotes NDP Leader Jagmeet Singh's criticisms of the Liberals, calls for the House to agree with Singh and vote to bring down the government. However, Singh has already stated he will not support the Conservatives, making the motion's failure likely.

In addition to the non-confidence vote, the House will also vote on an NDP motion to expand the GST break and the $250 "working Canadians rebate" to fully retired seniors and people relying on disability benefits. These votes come as the House faces a deadline to approve billions of dollars in government spending, including $21.6 billion for housing, dental care, and the national school food program.

The House has been gridlocked since late September due to a Conservative filibuster over a privilege motion related to the Liberals' refusal to provide unredacted documents about a now-defunct green technology fund. This gridlock was temporarily paused by House Speaker Greg Fergus to allow for the spending debate and opposition motions.

As the political drama unfolds, Canadians are watching closely to see if the government can navigate these turbulent waters and continue to function effectively.




Labels:

Comments

Post a Comment