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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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Canadian Real Estate Association Forecasts Surge in Home Demand for 2025, Condo Market Remains Flat


The Canadian Real Estate Association (CREA) has released its housing market forecast for 2025, predicting a significant increase in demand for homes across the country. According to CREA, the combination of over two years of pent-up demand and lower borrowing costs is expected to drive a rebound in home sales. The national average home price is projected to rise by 4.7% to $722,221 this year.

However, the forecast for the condo market tells a different story. While demand for single-family homes is expected to surge, the condo market is anticipated to remain relatively flat. This divergence is attributed to changing buyer preferences and the lingering effects of the pandemic on urban living trends.

The forecast also highlights regional variations, with provinces like Alberta and Saskatchewan expected to see higher price gains due to already high sales levels and low inventories. Conversely, Ontario and British Columbia are expected to experience more modest price increases due to their already high housing costs.

Overall, CREA's outlook for 2025 suggests a dynamic and evolving real estate market, with single-family homes leading the charge while condos take a backseat.



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