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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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Tragedy Strikes During Hajj Pilgrimage: Over 300 Egyptians Succumb to Heat

 

At least 323 Egyptian pilgrims tragically lost their lives during the annual Hajj pilgrimage in western Saudi Arabia. The majority of these deaths were attributed to heat-related illnesses, according to two Arab diplomats coordinating their countries’ responses.

The Hajj, one of the five pillars of Islam, draws millions of pilgrims from around the world to Mecca. However, this year’s pilgrimage faced extreme temperatures, with the area where rituals are performed experiencing a rise of 0.4 degrees Celsius (0.72 degrees Fahrenheit) per decade due to climate change.

Among the deceased, 60 Jordanian pilgrims also succumbed to the heat. Tragically, many of the Egyptian casualties were unregistered pilgrims attempting to save money by avoiding official visas. These off-the-books pilgrims lacked access to air-conditioned facilities provided by Saudi authorities along the Hajj route.

The total death toll reported by various countries has reached 577, highlighting the severity of this heartbreaking event. Other nations, including Indonesia, Iran, and Senegal, have also reported fatalities during this year’s Hajj pilgrimage.

As we mourn the loss of these lives, it serves as a stark reminder of the challenges posed by climate change and the need for better safety measures during religious pilgrimages.


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