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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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Russia Signals WhatsApp Exit Amid National Security Concerns

 


Russia is preparing to tighten its grip on digital communications, with lawmakers warning that WhatsApp may soon be forced out of the country. Anton Gorelkin, deputy head of the State Duma’s IT committee, declared that the messaging app—used daily by 68% of Russians—should “prepare to leave the Russian market” due to its ties to Meta, which is designated as an extremist organization in Russia.

President Vladimir Putin recently signed legislation promoting the development of a state-backed messaging platform called MAX, aimed at replacing foreign apps like WhatsApp and Telegram. The move is part of a broader push for “digital sovereignty,” reducing reliance on software from countries deemed “unfriendly” by the Kremlin.

Lawmakers argue that WhatsApp poses a national security threat, and its continued presence violates Russia’s legal framework. Kremlin spokesperson Dmitry Peskov emphasized that all services must comply with Russian law, hinting at further restrictions by September 1.

Meanwhile, Telegram—founded by Russian-born Pavel Durov—is working to establish a legal entity in Russia to avoid similar scrutiny.

This shift could reshape Russia’s digital landscape, as the government accelerates efforts to replace Western platforms with homegrown alternatives.

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