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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 Awaits Clarity on US-Ukraine Ceasefire Proposal

Russia has expressed caution as it awaits further details on a proposed 30-day ceasefire agreement between the United States and Ukraine. The deal, reached during talks in Saudi Arabia, includes a temporary halt to hostilities along the entire front line, as well as the cessation of missile, drone, and bomb attacks. The agreement also outlines provisions for the release of prisoners and the return of Ukrainian children relocated to Russia.

The United States has resumed military aid and intelligence sharing with Ukraine, signaling its commitment to the ceasefire plan. However, the proposal hinges on Russia's acceptance, with U.S. officials emphasizing that Moscow's cooperation is essential for achieving peace.

While Ukrainian President Volodymyr Zelenskyy has expressed readiness to support the ceasefire, Russian officials remain skeptical. Concerns have been raised about the lack of guarantees accompanying the proposal, with some viewing it as a potential trap that could weaken Russia's position.

The Kremlin has yet to issue an official response, but the international community watches closely as the possibility of a ceasefire brings a glimmer of hope for an end to the prolonged conflict.

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