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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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Trump's Affection for Royals: A Potential Lifeline for UK Trade

In a recent interview, U.S. Vice President JD Vance hinted at a promising trade deal between the United States and the United Kingdom, attributing the potential breakthrough to President Donald Trump's admiration for the British royal family. Vance emphasized the cultural and historical ties between the two nations, suggesting that Trump's fondness for the monarchy could play a pivotal role in easing trade tensions.

The United States has imposed sweeping tariffs on imports, with British goods facing a 10% charge and steel and car exports enduring a 25% rate. Despite these challenges, Vance expressed optimism about reaching a mutually beneficial agreement, citing the balanced trade relationship between the two countries. He also highlighted the reciprocal nature of U.S.-UK trade, contrasting it with the more restrictive policies of other European nations.

As negotiations continue, the cultural affinity and shared values between the U.S. and UK may prove to be a unique advantage in navigating global trade tensions. Vance's comments underscore the importance of diplomacy and personal connections in shaping international relations. 



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