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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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Putin Apologizes for Azerbaijani Plane Crash Amid Rising Tensions

 

In a recent development, Russian President Vladimir Putin extended an apology to Azerbaijani President Ilham Aliyev following a tragic incident involving an Azerbaijani airliner. The plane, en route from Baku to Grozny, crashed in Kazakhstan while attempting an emergency landing, resulting in the loss of 38 lives.

The Kremlin's statement highlighted that the crash occurred amid Ukrainian drone attacks, which led to Russian air defense systems being active in the area. However, the statement stopped short of directly attributing the crash to these defense systems. Survivors reported hearing loud noises before the crash, suggesting possible external interference.

This incident has further strained relations in the region, with both U.S. and Azerbaijani officials hinting at the involvement of an external weapon. Putin's apology, while significant, leaves many questions unanswered as investigations continue.

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