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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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Sudan's Famine Crisis Worsens Amid Ongoing Conflict

 

War-hit Sudan is sliding deeper into a famine crisis, with worsening starvation and a surge in acute malnutrition, according to an independent group of food security experts. The Integrated Food Security Phase Classification (IPC) has identified famine in five areas, including the Zamzam camp in North Darfur, where about half a million people are taking refuge. The crisis has been exacerbated by a 20-month civil war between the military and the paramilitary Rapid Support Forces (RSF), which has led to one of the world's worst humanitarian crises.

The IPC report highlights that 24.6 million people, about half of Sudan's population, urgently need food aid. The conflict has severely disrupted farming activities, resulting in farmers abandoning their crops and widespread looting. The situation is particularly dire in Darfur and South Kordofan, where violence has led to scores of civilian casualties and displacement.

The Sudanese government has suspended its cooperation with the IPC, accusing it of issuing unreliable reports. However, the IPC warns that without an end to the conflict, the situation could worsen, with famine potentially spreading to additional areas.

The international community continues to call for urgent humanitarian aid and a peaceful resolution to the conflict to prevent further suffering and loss of life.




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