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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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Pope Francis Sustains Another Injury: Falls and Bruises Raise Concerns

 

Pope Francis has once again fallen, this time injuring his right arm. The 88-year-old pontiff was treated at his Vatican residence, the Santa Marta House, where he was found with a bruised forearm. While the injury is not severe and no fractures were reported, the arm has been immobilized as a precautionary measure.

This recent fall follows another incident on December 7, 2024, when Pope Francis hit his chin on a nightstand, resulting in a noticeable bruise. Despite these health challenges, the Pope has continued to maintain his busy schedule, attending various audiences and events.

Pope Francis has faced ongoing mobility issues, often relying on a wheelchair, cane, or walker to move around. His resilience and determination to carry out his duties despite his age and health concerns have been widely noted.

The Vatican has assured the public that the Pope is in stable condition and that there are no changes to his public schedule. However, these recent falls have raised concerns about his overall health and the physical demands of his role.

As the world watches, many are hoping for the Pope's swift recovery and continued strength in leading the Catholic Church.




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