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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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White House Easter Egg Roll 2025: Tradition Meets Corporate Sponsorship

 



The White House lawn is set to welcome thousands of families today for the annual Easter Egg Roll, a cherished tradition dating back to 1878. President Donald Trump and First Lady Melania Trump will preside over the event, marking the first Easter Egg Roll of Trump's second term. Despite a forecast of scattered showers, spirits remain high as 40,000 attendees prepare for a day of fun and festivities.

The event will feature classic activities like the egg roll and egg hunt, alongside unique experiences celebrating America's upcoming 250th anniversary. Families can sign a mini-Declaration of Independence, dress as Founding Fathers, and enjoy live performances. The American Egg Board has donated 30,000 eggs for the occasion, ensuring the tradition remains true to its roots despite recent egg shortages.

Corporate sponsors, including Meta, Amazon, and YouTube, have added a modern twist with interactive stations and photo opportunities. The day promises to blend history, community, and innovation, making it a memorable celebration for all. However, the introduction of corporate sponsorships has sparked debate, with critics questioning the ethics of branding a White House tradition. 


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