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5 Things to Know Today: July 29, 2026

  Wednesday, July 29, 2026 A fresh Iran missile attack has oil swinging again, the TSX just set another record, the Fed decides this afternoon, Microsoft and Meta report tonight, and your CPP deposit lands today. Here's what it means for your wallet. 1. Your CPP payment lands today Wednesday, July 29 is a Canada Pension Plan deposit day — the seventh of twelve scheduled payments this year and the last one before the August cycle. If you're collecting the maximum retirement pension starting at 65, you'll see $1,507.65 land in your account. The average new beneficiary starting at 65 receives $877.01 . Your amount will match what you received in June: CPP is indexed only once a year, in January (this year's bump was 2.0%), so there's no mid-year change. The next adjustment arrives with the January 2027 deposit. What it means for you: If your deposit is smaller than expected, it's almost always something individual — an early-start reduction, tax withholding, or a...
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Egypt Proposes Ceasefire Amid Escalating Gaza Conflict

Egypt has stepped forward with a new truce proposal aimed at restoring peace in Gaza, following a surge in violence that has claimed the lives of at least 65 Palestinians in the past 24 hours. The escalation began after Israel resumed air and ground operations against Hamas, effectively ending a two-month period of relative calm.

The Egyptian plan reportedly includes a phased approach, with Hamas releasing five Israeli hostages each week. In return, Israel would implement the second phase of the ceasefire after the first week. The proposal also outlines a timeline for Israel's full withdrawal from Gaza, backed by U.S. guarantees.

While both Hamas and the U.S. have expressed tentative agreement to the proposal, Israel has yet to respond. The situation remains dire, with nearly 700 Palestinians reported killed since the resumption of hostilities, including many women and children. Humanitarian agencies have raised alarms over the worsening conditions in Gaza, where thousands are displaced and essential supplies are running critically low.

This latest effort by Egypt underscores the urgent need for a resolution to the ongoing conflict, as the region faces a mounting humanitarian crisis.

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