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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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Raging Wildfire Engulfs Jasper, Alberta: A Perfect Storm of Destruction

 

In a devastating turn of events, a wildfire that began 12 kilometers away from Jasper, Alberta, transformed into an unstoppable force, leaving firefighters powerless. The inferno, fueled by relentless winds gusting up to 100 kilometers per hour, created a 100-meter-tall wall of fire that consumed buildings within the townsite. 

Scientists attribute this catastrophe to a trifecta of factors: prolonged drought, dense forests filled with dead lodgepole pine trees, and strong winds that funneled the fire toward the town. The situation in Jasper is dire, with potentially 30% to 50% structural damage. Authorities are now faced with the daunting task of rebuilding a community that has been ravaged by this natural disaster. 


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