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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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Hostages Set for Release: A Mix of Hope and Fear in Israel


The anticipated release of three high-profile male hostages has ignited a wave of excitement and anxiety across Israel. Yarden Bibas, Keith Siegel, and Ofer Kalderon, who have become household names since their abduction, are expected to be freed on Saturday. This release is part of the ongoing ceasefire agreement between Israel and Hamas, which has already seen the return of several hostages.

The families of the hostages are experiencing a mix of emotions. While there is joy and relief at the news, there is also deep concern for those still held captive, including the Bibas family's young children. Activists have been holding silent protests, calling for the release of all hostages, dead or alive.

As the nation awaits the release, the hope for a peaceful resolution remains strong, but the memories of the tragic events that led to this situation are still fresh.



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