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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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Stock Market Today: Wall Street Bounces Back in Premarket Trading Following Monday’s Drubbing


In a remarkable turnaround, Wall Street is showing signs of resilience after Monday’s tumultuous session. As corporate earnings reports continue to roll in, investors are catching a break from their concerns about potential Federal Reserve interest rate cuts. Here’s a snapshot of the market dynamics:

  • Asian Shares React: Asian shares mirrored the slump on Wall Street, with the Shanghai Composite index declining by 1.7% to 3,007.07. Despite this, the Chinese government’s surprising report of a 5.3% annual growth rate in the first quarter of the year failed to buoy investor sentiment.

  • Yields and Pressure: The recent surge in U.S. bond yields has cranked up pressure on stocks. However, premarket trading indicates a bounce-back for Wall Street, offering hope to investors who weathered Monday’s drubbing.

As the market navigates these fluctuations, keep an eye on corporate earnings releases and the Fed’s policy signals. The road ahead remains uncertain, but today’s rebound provides a glimmer of optimism for traders and investors alike. Stay tuned for further developments.


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