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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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Diplomatic Tensions Rise: Lebanon Rebukes Iran's Envoy Over Hezbollah Disarmament Remarks


Lebanon's foreign ministry has summoned Iran's ambassador to Beirut, Mojtaba Amani, following controversial remarks regarding Hezbollah's disarmament. Amani referred to the disarmament efforts as a "conspiracy," sparking diplomatic friction between the two nations.

The comments come amidst growing pressure on Hezbollah to relinquish its arsenal, especially after the 2024 conflict with Israel left southern Lebanon devastated. President Joseph Aoun is set to initiate discussions on disarmament, a topic long considered taboo due to Hezbollah's significant influence in Lebanese politics.

Lebanon's foreign ministry emphasized the importance of adhering to diplomatic protocols and respecting the sovereignty of states. This incident marks a rare instance of Lebanon openly criticizing Iran, given Tehran's historical support for Hezbollah.

The situation underscores the delicate balance Lebanon must maintain as it navigates internal and external pressures surrounding Hezbollah's role in the region.

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