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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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Tensions Flare at White House as Zelensky, Trump, and Vance Clash

In a dramatic turn of events, a meeting at the White House between Ukrainian President Volodymyr Zelensky, U.S. President Donald Trump, and Vice President JD Vance erupted into a heated exchange. The meeting, initially intended to celebrate a mineral rights deal between the United States and Ukraine, quickly devolved into a shouting match.

The confrontation began when Vice President Vance accused Zelensky of showing a lack of gratitude for the aid provided by the United States to combat Russia's invasion of Ukraine. Vance's comments were met with a strong response from Zelensky, who defended his country's position and expressed the need for continued support.

President Trump, visibly frustrated, raised his voice and warned Zelensky about the potential consequences of his actions, stating that he was "gambling with World War III". The tense atmosphere in the Oval Office was palpable as the leaders exchanged sharp words in front of reporters.

The meeting, which was supposed to mark a significant step forward in U.S.-Ukraine relations, instead highlighted the deep-seated tensions and differing perspectives between the leaders. The fallout from this confrontation remains to be seen, but it has undoubtedly added a new layer of complexity to the ongoing discussions between the two nations.

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