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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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Devastating Explosion Rocks Bandar Abbas Port, Injuring Hundreds

 

A massive explosion at the Shahid Rajaee port in Bandar Abbas, southern Iran, has left at least 281 people injured, according to state media reports. The blast occurred on Saturday, April 26, 2025, and caused significant damage to the port, which is a key hub for container traffic and petrochemical activities.

Authorities have stated that the explosion originated from several containers stored in the port's wharf area. The exact cause of the incident remains under investigation, but negligence in handling flammable materials has been cited as a possible factor. Emergency response teams have been working tirelessly to evacuate and transport the injured to nearby medical facilities.

The explosion caused widespread destruction, shattering windows within a radius of several kilometers and creating a mushroom cloud visible from afar. Videos shared on social media showed thick black smoke billowing from the site and damaged buildings and vehicles in the vicinity.

This tragic event coincides with ongoing nuclear negotiations between Iran and the United States in Oman, adding a layer of complexity to an already tense situation. While no fatalities have been confirmed, the scale of the injuries and damage underscores the severity of the incident.

Rescue operations are ongoing, and authorities are urging caution as they continue to assess the situation. The Shahid Rajaee port, located near the Strait of Hormuz, plays a critical role in global trade, making this explosion a matter of international concern.

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