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

Markets Waver as Trump Targets Fed Governor Lisa Cook, Raising Independence Concerns

 

US stock futures edged lower Tuesday morning as investors digested President Donald Trump’s unprecedented move to remove Federal Reserve Governor Lisa Cook — a decision that has sparked legal questions and heightened worries over central bank independence.

Dow Jones Industrial Average futures slipped about 0.2%, S&P 500 futures eased 0.1%, and Nasdaq 100 futures fell 0.2%. The announcement, made late Monday on social media, alleged “sufficient cause” for Cook’s removal over mortgage fraud claims — allegations she denies, insisting the president lacks authority to fire her.

The political shock rippled through markets: Treasury yields on the 10-year and 30-year notes climbed to roughly 4.3% and 4.9%, respectively, as traders weighed the potential for a more dovish Fed majority under Trump’s influence. The dollar weakened, while gold prices firmed as some investors sought safety.

Adding to the unease, Trump threatened new tariffs on countries taxing US digital services, risking fresh trade tensions with the EU. Meanwhile, Wall Street is bracing for Nvidia’s earnings on Wednesday, with expectations sky-high after a 34% year-to-date rally.

Analysts warn that the combination of political pressure on the Fed, looming trade disputes, and key economic data releases could inject fresh volatility into markets in the days ahead.

Labels:

Comments

Post a Comment