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OAS Payments Are Bigger This July — Here's How Much More You'll Get

  July 21, 2026 If you or someone in your family collects Old Age Security, the deposit landing later this month is larger than the last one. Here's exactly why, and what the new numbers look like. Old Age Security payments went up 1.2% for the July-to-September 2026 quarter — the largest of the four scheduled increases so far this year. Combined with earlier adjustments, that puts OAS 2.3% higher than it was in July 2025. OAS amounts are reviewed every January, April, July, and October to track the Consumer Price Index. When the cost of living rises, the payment rises with it. When it falls, the payment simply holds steady — OAS is protected from ever decreasing. The new maximum monthly amounts Age Group April–June 2026 July–September 2026 Monthly Increase 65 to 74 $743.05 $751.97 +$8.92 75 and older $817.36 $827.17 +$9.81 Seniors 75 and up sit higher because of the permanent 10% top-up the federal government added to that age group's OAS back in July 2022. That bump applies...
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Red Sea Shipping Crisis Worsens After US and UK Strike Yemen

 

The Red Sea, a vital waterway for global trade, has become a hotspot of conflict and insecurity after the US and UK launched airstrikes against Houthi rebels in Yemen, who have been attacking commercial vessels with missiles and drones.

The airstrikes, which began on Thursday, were a response to the 27th Houthi attack on shipping since November, according to the US military. The Houthis, who are backed by Iran, have been targeting ships in the southern Red Sea and the Bab al-Mandab Strait, a narrow passage that connects the Red Sea to the Gulf of Aden.

The escalation of violence has disrupted the flow of oil, gas, grains, and manufactured goods through the region, which accounts for about 12% of global seaborne trade. Many shipping companies have suspended or diverted their operations, opting for the longer and more costly route around Africa. Some insurers have also raised their premiums or restricted their coverage for vessels passing through the area.

The shipping crisis has added to the humanitarian catastrophe in Yemen, where a civil war has been raging since 2015. The UN estimates that more than 20 million people are in need of humanitarian assistance, and that millions are on the brink of famine. The airstrikes have also raised fears of a wider regional conflict, as Iran and its allies clash with the US and its allies over various issues, including the nuclear deal and Israel’s war in Gaza.

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