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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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Walmart Opposes Adding Panic Buttons to Stores

 

Retail giant Walmart has taken a firm stance against implementing panic buttons in its stores. The New York State Senate recently passed legislation requiring major retail chains, including Walmart, to install panic buttons in easily accessible locations or provide wearable/mobile-phone-activated panic buttons for staff. However, Walmart’s top corporate affairs officer, Dan Bartlett, expressed concerns about false alarms triggered by panic buttons. He emphasized that most incidents turn out to be non-emergencies.

Walmart operates 4,700 stores nationwide, including 98 in New York state. The legislation now awaits New York Governor Kathy Hochul’s decision. If she takes no action within 10 days, the Retail Worker Safety Act will automatically become state law. The bill also mandates violence prevention and safety training for retailers with 10 or more employees.

While Walmart’s workforce is not unionized, the Retail, Wholesale and Department Store Union (RWDSU) has advocated for the bill to become law in New York. At Walmart’s recent annual meeting, some employee shareholders proposed an independent review of workplace safety policies, but the proposal was defeated.

In summary, Walmart’s opposition to panic buttons reflects concerns about practicality and false alarms, even as the debate continues over ensuring safety for retail workers.


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