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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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Trump's Day 1 Agenda: Deportations, Pardons, and Legal Maneuvers

 

On his first day back in office, President-elect Donald Trump has outlined an ambitious agenda that includes initiating a mass deportation push, pardoning individuals involved in the January 6 Capitol riot, and addressing his own legal challenges. Trump has stated that his administration will prioritize securing the U.S. border and reversing policies from the previous administration.

Trump's plan includes the deportation of undocumented immigrants, particularly those involved in criminal activities. He has emphasized the importance of national security and public safety in his approach. Additionally, Trump has promised to pardon many of the individuals convicted for their roles in the January 6 riot, referring to them as "unbelievable patriots".

In terms of his legal battles, Trump aims to leverage his position to address the federal cases against him. He has expressed his intention to fire Special Counsel Jack Smith, who has been prosecuting two federal cases against him. Trump's legal team is also exploring ways to set aside or expunge his felony conviction in New York and delay the case in Georgia until the end of his presidential term.

As Trump prepares to take office, his bold plans are set to spark significant debate and controversy, both domestically and internationally.

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