Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Air Canada Takes Off Again After Strike Resolution


Air Canada is preparing to relaunch its full flight schedule after a government-led intervention brought an end to a strike that had grounded planes and stranded passengers across the country.

The walkout, led by unionized airline staff, had disrupted operations for several days, sparking widespread travel delays at major airports. Negotiations had stalled until federal mediators stepped in, prompting both sides to agree to a resolution.

Officials say the settlement addresses key labor concerns while ensuring continuity of service. The carrier is now working to rebook affected customers and stabilize operations in the coming days. For many travellers, the announcement signals a welcome return to normal — and the possibility of finally making it to their long-delayed destinations.


Labels:

Comments

Post a Comment