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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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Speaker Kicks Poilievre Out of the Commons After He Calls PM a ‘Wacko’ in Tense Question Period Exchange

In a heated exchange during question period, Conservative Leader Pierre Poilievre was kicked out of the House of Commons by Speaker Greg Fergus. The incident occurred after Poilievre referred to Prime Minister Justin Trudeau as a “wacko” for supporting British Columbia’s policy of decriminalizing some hard drugs in an attempt to reduce overdose-related deaths.

The tension escalated when Fergus asked Poilievre to withdraw his “unparliamentary language.” Poilievre refused, suggesting he would replace “wacko” with “extremist” or “radical.” Fergus promptly removed him from the chamber.

Following Poilievre’s ejection, the entire Conservative caucus left the Commons chamber in protest. Trudeau, who was also involved in name-calling during the exchange, accused Poilievre of courting “white nationalist groups” and criticized his past actions.

The incident highlights the intensity of political debates and the importance of maintaining decorum within the parliamentary setting. As the fallout continues, Canadians are closely watching how this clash will impact the political landscape.

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