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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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Storm Clouds Over Forecasting: Canada’s Weather Service Faces Rising Strain Amid U.S. Cuts and Climate Extremes

                            A truck is abandoned in floodwater after a major rain event in Halifax in 2023.

A new independent assessment warns that Canada’s weather service is under mounting pressure as climate change fuels more extreme weather events and recent U.S. funding cuts threaten critical cross-border data sharing.

The report, prepared for Environment and Climate Change Canada by the Council of Canadian Academies, highlights the urgent need for a coordinated national flash flood warning system and stronger partnerships with European agencies to offset reduced access to U.S. resources. Significant cuts to the U.S. National Oceanic and Atmospheric Administration (NOAA) could jeopardize Canada’s ability to monitor and forecast weather across vast regions, from the Arctic to the Great Lakes.

Canada’s own observation network, especially in the North, remains sparse, with weather stations sometimes hundreds of kilometres apart. This gap, combined with static funding for hydro-meteorological services over the past five years, leaves the system vulnerable as demand for accurate, timely warnings grows.

The report also notes that while artificial intelligence offers promise for sharper forecasts, it must be paired with proven physics-based models to avoid failures in unprecedented climate scenarios. Without strategic investment in infrastructure, data sovereignty, and modern forecasting tools, Canada risks falling behind in protecting communities from the escalating threats of extreme weather.


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