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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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Tensions Escalate: Israeli Airstrike in Beirut Suburb Tests Ceasefire

In the early hours of April 1, 2025, an Israeli airstrike targeted a southern suburb of Beirut, Lebanon, killing at least three people and injuring seven others. The Lebanese Health Ministry confirmed the casualties, which included a woman, and reported significant damage to the upper floors of a residential building in the Dahieh district, a known Hezbollah stronghold.

The Israeli military stated that the strike was aimed at a Hezbollah militant allegedly involved in planning an imminent attack on Israeli civilians in collaboration with Hamas. The operation, conducted without prior evacuation warnings, has drawn sharp criticism from Lebanese officials. President Joseph Aoun condemned the attack as a "flagrant violation" of Lebanon's sovereignty and a breach of the fragile ceasefire agreement established in November 2024.

This incident marks the second Israeli airstrike on Beirut in recent days, further straining the already tenuous truce between Israel and Hezbollah. The ceasefire, brokered by the United States, had brought a temporary halt to over a year of cross-border hostilities. However, both sides have accused each other of violating the agreement, raising concerns about the potential for renewed conflict.

The international community is closely monitoring the situation, with calls for restraint and adherence to the ceasefire terms. As tensions rise, the prospect of sustained peace in the region remains uncertain.

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