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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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Israeli Response to Latest Ceasefire Proposal Deemed Negative

In a recent development, a senior Hamas official revealed that Israel’s response to the group’s latest Gaza ceasefire proposal was negative. The proposal, handed over by mediators, failed to meet the demands set forth by Hamas.

Summary of Events: 

  • On Tuesday evening, the mediators informed Hamas of Israel’s position on the proposal. According to Osama Hamdan, the Israeli response was “generally negative” and did not address the critical issues at hand.
  • Hamas holds Israeli Prime Minister Benjamin Netanyahu and his government accountable for the failure to negotiate a hostage release in exchange for Palestinian prisoners and to halt the ongoing conflict in Gaza.
  • Despite weeks of negotiations, a comprehensive agreement between Israel and Hamas remains elusive. Talks have resumed this week in Qatar, but the humanitarian crisis in Gaza continues to escalate.
  • Over the past week, more than 100 aid workers have lost their lives, and dozens have been wounded in eight attacks carried out by Israeli forces.
  • As the situation remains tense, international attention remains focused on finding a resolution. The hope is that renewed dialogue will pave the way for a lasting ceasefire and alleviate the suffering of civilians caught in the crossfire.

Stay tuned for further updates as the situation unfolds.


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