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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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Madagascar on Edge as Soldiers Join Protests in Attempted Coup

 

                                                Madagascar has been gripped by weeks of anti-government protests.

Madagascar is facing its most serious political crisis in over a decade after President Andry Rajoelina warned of an “attempted illegal and forcible seizure of power.” The announcement came after members of the elite CAPSAT military unit — the same force that helped Rajoelina rise to power in 2009 — joined nationwide protests in the capital, Antananarivo.

The demonstrations, which began in late September over chronic water and electricity shortages, have swelled into a broader movement demanding Rajoelina’s resignation, the dissolution of key state institutions, and accountability for violence against protesters.

On Saturday, soldiers marched alongside mostly young demonstrators, urging fellow troops to disobey orders from their commanders. Witnesses reported sporadic gunfire near military barracks, with several people injured, though no sustained clashes have been confirmed.

The presidency has called on loyal forces to defend the constitution, while protesters vow to continue their push for change. With echoes of Madagascar’s turbulent political past, the unfolding crisis poses the gravest challenge yet to Rajoelina’s rule since his reelection in 2023.


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