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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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Devastating Earthquake Near Everest Claims 95 Lives

 


Western China was struck by a powerful 7.1 magnitude earthquake on Tuesday morning, near the border with Nepal. The quake, centered in the Tibet region, has tragically claimed at least 95 lives and injured over 130 people. The epicenter was located about 50 miles northeast of Mount Everest causing tremors felt as far away as Kathmandu.

The earthquake has caused significant damage, with 1,000 homes destroyed and rescue efforts complicated by the remote, high-altitude location. Chinese leader Xi Jinping has called for all-out efforts to rescue survivors and minimize further casualties.

The region continues to experience aftershocks, adding to the challenges faced by rescue teams and local residents. The Mount Everest scenic area on the Chinese side has been closed, and relief operations are ongoing.

This disaster serves as a stark reminder of the ever-present seismic activity in the Himalayan region, which has seen numerous powerful quakes over the past century.




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