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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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Ontario PCs Unveil $40-Billion Platform, Promise to Eliminate Alcohol Floor Price

Ontario's Progressive Conservatives, led by Doug Ford, have unveiled a campaign platform promising up to $40 billion in new spending. This announcement comes just three days before the provincial election. The platform includes several previously unannounced measures, such as a $5-billion Protect Ontario Account to counter potential U.S. tariffs, $705 million to expand STEM and skilled trades training at post-secondary institutions, and $50 million to support modular housing technology.

One of the most notable promises is the proposal to eliminate the minimum retail price for liquor. Currently, the minimum price for a 750-millilitre bottle of vodka is set to rise to $31.15 this weekend. Ford argues that removing the floor price will save consumers money and put more money back into their pockets, likening it to a tax break.

The platform, however, does not include a full costing breakdown of how these promises will be funded. Ford defended the absence of detailed cost estimates by citing his government's track record of fiscal responsibility over the past seven years.

As the election day approaches, voters will have to weigh these ambitious promises against the potential impact on the province's budget and economic stability.


: [Source 1](https://www.msn.com/en-ca/news/canada/ontario-pcs-make-40b-in-platform-promises-pledge-to-axe-floor-price-for-alcohol/ar-AA1zEG0C)

: [Source 2](https://ca.news.yahoo.com/doug-fords-pcs-promise-40b-174158783.html)

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