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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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Europe Backs Ukraine’s Bid for Inclusion in Trump-Putin Peace Talks

 

                Ukrainian serviceman attends a training between combat missions at a training ground in Kharkiv region.


Ukrainian President Volodymyr Zelenskiy expressed deep gratitude to European leaders for their unwavering support as Kyiv pushes for a seat at the negotiating table ahead of a high-stakes summit between U.S. President Donald Trump and Russian President Vladimir Putin.

The summit, scheduled for August 15 in Alaska, has sparked concern in Ukraine over potential territorial concessions. Trump has hinted at a deal involving “some swapping of territories,” raising alarms in Kyiv that its sovereignty could be compromised without its direct involvement.

Zelenskiy warned that any decisions made without Ukraine would be “stillborn” and unworkable. He emphasized, “The end of the war must be fair, and I am grateful to everyone who stands with Ukraine and our people today for the sake of peace in Ukraine, which is defending the vital security interests of our European nations”.

In a joint statement, leaders from Britain, France, Germany, Italy, Poland, Finland, and the European Commission affirmed that “the path to peace cannot be decided without Ukraine.” They demanded robust and credible security guarantees to ensure Ukraine’s ability to defend its sovereignty and territorial integrity.

Tensions escalated as Russian officials accused Europe of undermining Trump’s peace efforts. Former Russian President Dmitry Medvedev lashed out on social media, while Kremlin spokespersons issued inflammatory remarks about Ukraine’s ties to the EU.

Meanwhile, European diplomats reportedly presented a counterproposal to Trump’s plan, though details remain undisclosed. The move underscores Europe’s determination to prevent a unilateral deal that could reshape borders without Ukrainian consent.

As the summit approaches, the geopolitical stakes remain high, with Ukraine and its allies insisting that peace must be negotiated—not imposed.


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