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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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Russia's Missile Barrage Forces Power Grid Shutdown in Ukraine

 


In a significant escalation of hostilities, Russia launched a major ballistic and cruise missile attack on regions across Ukraine on Wednesday. The assault targeted critical energy infrastructure, compelling Ukrainian authorities to shut down the power grid in several areas despite the freezing winter weather.

The Russian Defense Ministry claimed responsibility for the strike, stating that it aimed at "critically important facilities of gas and energy infrastructure that ensure the functioning of Ukraine’s military industrial complex". The barrage included 43 missiles and 74 drones, with Ukrainian air defenses managing to shoot down 30 missiles and 47 drones.

The attack spanned from the Lviv region in western Ukraine to Kharkiv in the northeast, causing emergency power outages in six regions. Ukrainian Energy Minister Herman Halushchenko condemned the attack, describing it as an ongoing effort by Russia to terrorize Ukrainians and disrupt the nation's energy grid.

Ukrainian President Volodymyr Zelenskyy urged Western partners to accelerate the delivery of promised air defense weapons, emphasizing the need to protect Ukraine's energy infrastructure during the harsh winter months. The attack has further strained Ukraine's already eroded power generation capacity, with efforts to rebuild ongoing despite the relentless assaults.

The nearly three-year war has seen long-range attacks become a feature of the conflict, with both sides engaged in a war of attrition along a front line stretching about 1,000 kilometers from northeast to southern Ukraine. As the conflict continues, the resilience of the Ukrainian people and the support of international allies remain crucial in the face of ongoing aggression.



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