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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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Nearly Two Dozen Arrested Following Gunfire in Toronto’s West End

 

Toronto police have arrested almost two dozen individuals after an exchange of gunfire erupted in the city’s west end late Monday night. The incident occurred around 11:20 p.m. near Queen Street West and Sudbury Street.

According to police reports, multiple firearms were seized during the arrests. Fortunately, no one was shot, although an unmarked police car was struck by gunfire. One person was taken to the hospital as a precaution but did not sustain any injuries.

The investigation has led to the closure of the busy Queen Street West route during the morning commute, causing significant disruptions. Police are expected to provide more details later today.


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