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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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Search for DC Crash Victims Resumes Amidst Trump's Controversial Comments

 

The search for victims of the tragic plane crash in Washington, D.C., continues as rescue teams work tirelessly to recover bodies from the Potomac River. The collision, which occurred on January 29th, involved an American Airlines regional jet and a U.S. Army Black Hawk helicopter. The crash resulted in the deaths of 67 people, including passengers, crew members, and military personnel.

President Donald Trump has sparked controversy with his comments on the incident. Initially, he blamed diversity, equity, and inclusion (DEI) programs for the crash. However, he has since shifted his stance, now claiming that the Black Hawk helicopter was flying too high at the time of the collision. Trump stated that the helicopter was "far above the 200-foot limit".

As the investigation continues, federal transportation authorities are working to determine the exact cause of the crash. Meanwhile, the families of the victims mourn their loved ones, and the nation grapples with the aftermath of this devastating event.



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