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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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EU Prepares for Potential Trade Retaliation Against US Tariffs

The European Union has announced its readiness to counteract U.S. tariffs with a robust plan, should the need arise. Speaking to the European Parliament, Ursula von der Leyen, President of the European Commission, emphasized the EU's preference for a negotiated solution but affirmed its preparedness to protect its interests, citizens, and businesses if necessary.

The U.S. administration, under President Donald Trump, has recently imposed tariffs on steel and aluminum imports, with additional duties on cars expected soon. Von der Leyen criticized these measures, highlighting their potential to fuel inflation and increase costs for American industries. She also underscored the importance of diversifying trade and removing internal barriers within the EU's single market to strengthen its economic resilience.

While the EU remains open to dialogue, von der Leyen assured lawmakers that all necessary instruments are on the table to respond decisively if required. The bloc's strategy reflects its commitment to safeguarding its economic stability and maintaining a balanced global trade environment.

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