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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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Trump Leaves War Option with Venezuela on the Table

Peace and Freedom Party Candidate for California Governor Ramsey Robinson speaks at a demonstration against US military action against Venezuela, in San Francisco.

U.S. President Donald Trump has escalated tensions with Venezuela, declaring in a recent interview that he is not ruling out the possibility of war with the South American nation. Speaking to NBC News, Trump stated, “I don’t rule it out, no,” when asked about potential military action against President Nicolás Maduro’s government.

The remarks come after Trump ordered a blockade of sanctioned oil tankers entering and leaving Venezuela, a move designed to intensify economic pressure on Caracas. Washington has already seized vessels near Venezuelan waters and conducted strikes on what the administration describes as “drug boats.” These operations have reportedly killed more than 100 people across 28 strikes, sparking criticism in Congress over the legality and humanitarian impact.

Trump has accused Maduro’s government of “stealing oil” and financing narcotics trafficking through its exports. Venezuela, in response, condemned the U.S. actions as a “grotesque threat” and vowed to continue its crude shipments despite the blockade.

The possibility of war raises concerns across Latin America and beyond. Analysts warn that a military conflict could destabilize the region, disrupt global oil markets, and worsen Venezuela’s already dire humanitarian crisis. With U.S. forces reportedly increasing their presence in the Caribbean, the situation has left many observers questioning whether Washington is preparing for direct confrontation.

For now, Trump insists that the decision depends on Venezuela’s actions, saying that if Maduro’s allies continue to defy U.S. sanctions, “they’ll be sailing back into one of our harbors.” His comments underscore the administration’s hardline stance and leave open the prospect of a dangerous escalation.


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