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1 in 4 Canadians Can Only Afford the Minimum Payment on Their Credit Card

  Published August 24, 2026 · Canadian Money Brief A new survey from Equifax Canada puts a hard number on something a lot of us have felt creeping up all year: credit cards are doing more of the heavy lifting in Canadian budgets, and fewer people are paying them off. Of more than 1,500 Canadians surveyed, a quarter said they expect to make only the minimum monthly payment on their credit card, and another 7% think they'll fall behind entirely. That leaves just over half — 56% — who expect to pay their balance in full each month. The survey also found that 40% of respondents are spending more overall than they were a year ago, more than double the 18% who say they're spending less. Nearly 3 in 10 said they're leaning more heavily on credit cards to cover essentials like groceries and utilities, and close to a quarter are dipping into savings to keep up with everyday costs. More than a third have cut back on contributions to savings, investments, or education funds to make ro...
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Gaza war casts a dark cloud over Ramadan celebrations

 


As Muslims around the world welcome the holy month of Ramadan, Palestinians are facing a bleak and somber mood amid the ongoing war between Israel and Hamas in Gaza. The war, which has entered its sixth month, has killed more than 31,000 people and left millions facing the threat of famine.

In Jerusalem, where the war began after clashes at the Al Aqsa mosque compound in October, Israeli police have tightened security and deployed thousands of officers around the Old City. The mosque, one of the holiest sites in Islam, is expected to host tens of thousands of worshippers every day during Ramadan. However, many Palestinians fear that Israeli authorities and far-right Israelis could provoke unrest and violence.

In the occupied West Bank, where around 400 Palestinians have been killed by Israeli forces or settlers since the start of the war, the usual festive decorations and celebrations have been canceled or toned down. Many Palestinians say they are mourning the loss of their loved ones and expressing solidarity with their besieged brothers and sisters in Gaza.

In Gaza, where Israel has launched a relentless bombing campaign that has destroyed thousands of homes, schools, hospitals and infrastructure, the situation is even more dire. With the blockade preventing the entry of food, fuel, medicine and other humanitarian aid, many Gazans are struggling to survive and prepare for Ramadan. Some have resorted to living in tents or makeshift shelters, while others have fled to neighboring countries or the sea.

The war has also stalled the efforts to secure a ceasefire, as both sides have rejected several proposals and demands. The international community has expressed growing alarm and urged both parties to end the hostilities and resume negotiations. However, the prospects for peace remain elusive, as the war continues to rage on and inflict more suffering and devastation.


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