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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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Your daily horoscope: July 30, 2024

 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

There will be times this year when you have to make decisions that you know will affect the futures of a lot of people. You may want to make those decisions with your heart but if you are aiming to do the greatest good they must be strictly rational.

ARIES (March 21 - April 20):

No matter how difficult a spell a relationship has been going through it will come together again as from today. You may still disagree on some issues but you both now realize that compromise is possible and communication is the key to mutual respect.

TAURUS (April 21 - May 21):

If you need assistance today just open your mouth and ask for it. If you keep your head down and say nothing then others will assume that everything is okay and not lift a finger to help you. They cannot be expected to read your mind.

GEMINI (May 22 - June 21):

A difficult task lies ahead of you but if you are serious about making a good job of it then it is sure to be a success. With Mars and Jupiter moving through your sign the one attribute you are not lacking at the moment is confidence.

CANCER (June 22 - July 23):

You have taken some tough decisions in recent weeks, some of which seemed a bit ruthless to those on the receiving end, but you are in no mood to play games or forgive people who have let you down. You may have to be ruthless again today.

LEO (July 24 - Aug. 23):

You must not allow yourself to get bogged down in petty details, not when there are so many major issues requiring your attention. Your greatest talent is your ability to see the bigger picture, so leave the small stuff to those of more limited vision.

VIRGO (Aug. 24 - Sept. 23):

Some very important people have been watching you closely and there could soon be a promotion of some kind coming your way. They particularly admire the way you handle yourself when dealing with those who are openly hostile to your plans.

LIBRA (Sept. 24 - Oct. 23):

No, Lady Luck has not deserted you and what occurs over the next few days will restore your belief that you are destined for bigger and better things. Opportunities are most likely to arrive via friendships – a perfect excuse to keep your social life active.

SCORPIO (Oct. 24 - Nov. 22):

No good deed ever goes unnoticed and you will receive something worth having today in return for all the favors you have done for other people in recent weeks. The universe especially values those who help friends and colleagues in their hour of need.

SAGITTARIUS (Nov. 23 - Dec. 21):

You will leave a task to the very last minute today but you enjoy the pressure and will make a thoroughly good job of it. Not everything in your life needs to be on a deadline though – there is no cut-off point for telling people you love them.

CAPRICORN (Dec. 22 - Jan. 20):

Recent events may have been frustrating in that they did not yield the results you expected but you stuck to it and refused to be beaten and now you will receive your reward. Something both unexpected and amazing is about to happen in your life.

AQUARIUS (Jan. 21 - Feb. 19):

You don’t have to prove that you are smarter than your rivals but you will do so anyway just for the fun of it. Venus in your opposite sign means that even those who are made to look foolish will be charmed by your wit and wisdom.

PISCES (Feb. 20 - Mar. 20):

You don’t care much for fame or fortune but you do care that people treat you with respect and you may have to remind someone of that fact over the next 24 hours. Don’t let them get away with criticizing the things in life you value the most.

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