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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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Trump vs. Harris: A Political Showdown Set for Fox News on September 4th

 


In a surprising turn of events, former President Donald Trump has announced that he will engage in a debate with Vice President Kamala Harris on Fox News, slated for September 4th. This announcement comes amid a whirlwind of political activity following President Joe Biden's withdrawal from the presidential race. 

While the Harris campaign has not confirmed the event, Trump's declaration has stirred up a media frenzy, as it would mark the first direct confrontation between the two since Biden's departure from the campaign trail. 

The proposed debate is expected to cover a wide range of topics, with a particular focus on domestic issues that have polarized the nation. As the date approaches, all eyes will be on these two political heavyweights as they prepare to spar on the national stage.



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