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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 Loses Appeal in E. Jean Carroll Sex Abuse Case

In a significant legal development, former President Donald Trump has lost his appeal to overturn a jury verdict that found him liable for sexually abusing and defaming former magazine columnist E. Jean Carroll. The ruling by the Second U.S. Circuit Court of Appeals comes just a day after Trump hinted at seeking retribution against Carroll on his Truth Social account.

The jury in the May 2023 civil case awarded Carroll $5 million in damages after finding Trump liable for sexual abuse and defamatory remarks made in 2022. Trump's legal team argued that the judge should not have allowed testimony from two other women who accused Trump of sexual misconduct, nor should the infamous Access Hollywood tape have been included as evidence. However, the appeals court upheld the original verdict, stating that the evidence demonstrated a "repeated, idiosyncratic pattern of conduct".

Carroll's attorney, Roberta Kaplan, expressed satisfaction with the court's decision, emphasizing the importance of holding powerful individuals accountable for their actions. Trump, who has consistently denied the allegations, is also appealing a second trial verdict from January, which awarded Carroll an additional $83 million in damages.

This ruling marks another chapter in the ongoing legal battles faced by Trump, as he continues to navigate the repercussions of his actions during and after his presidency.

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