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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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Steps to Improve Your Credit Score


 Improving your credit score requires a combination of responsible financial habits and diligent monitoring of your credit report.

1. Pay your bills on time, as timely payments account for a significant portion of your credit score. 

2. Reduce your credit card balances and try to maintain a low credit utilization ratio, as high credit card debt relative to your credit limit can negatively impact your score. 

3. Avoid opening too many new credit accounts at once, as multiple inquiries within a short period can signal increased risk to lenders. 

4. Regularly review your credit report for errors and dispute any inaccuracies you find.

5. Demonstrate a mix of credit types, such as a combination of credit cards, loans, and installment accounts, to showcase your ability to handle diverse financial responsibilities. 

Consistently following these practices will gradually boost your credit score over time.


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