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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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Scorched Earth and Rising Waters: The Alarming Surge of Global Weather Extremes

                                            An Iranian tries to cool down during the heat surge in Tehran

A Planet Under Pressure

From blistering heatwaves in Europe and North America to catastrophic floods in Asia and Africa, the planet is experiencing a dramatic escalation in weather extremes. These events are no longer isolated anomalies—they're becoming the new normal, driven by a rapidly changing climate and human-induced global warming.

Heatwaves Shatter Records

This summer, temperatures soared past 45°C (113°F) in parts of southern Europe and the southwestern United States, triggering wildfires, power outages, and severe health risks. Urban centers, trapped in heat islands, saw emergency rooms overwhelmed with cases of heatstroke and dehydration. Scientists warn that these intense heatwaves are now occurring with greater frequency and severity due to rising greenhouse gas emissions.

Floods Drown Communities

Meanwhile, torrential rains have unleashed deadly floods across South Asia, displacing millions and destroying infrastructure. In China and India, monsoon seasons have become increasingly erratic, dumping months’ worth of rain in mere days. Even traditionally dry regions like the Middle East have seen flash floods, underscoring the unpredictability of today’s climate.

A Global Wake-Up Call

These extremes are not just environmental—they're economic and humanitarian crises. Crop failures, water scarcity, and forced migration are intensifying, placing immense strain on governments and global systems. Climate experts emphasize that without aggressive mitigation and adaptation strategies, the cost of inaction will be catastrophic.

The Path Forward

Urgent investment in renewable energy, resilient infrastructure, and international cooperation is essential. The world must pivot from reactive disaster response to proactive climate resilience. As the Earth sends louder warnings, the question remains: will humanity listen before it's too late?


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