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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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Diplomatic Overture: Lavrov Signals Willingness to Meet Rubio

                                          Russian Foreign Minister Sergei Lavrov

Russian Foreign Minister Sergey Lavrov has expressed readiness to meet with U.S. Senator Marco Rubio, signaling a potential opening for dialogue amid strained relations between Moscow and Washington.

Lavrov’s statement comes at a time when geopolitical tensions remain high, with both nations navigating disagreements over security, sanctions, and global conflicts. While no formal agenda has been announced, the prospect of a meeting suggests that both sides may be exploring avenues to reduce friction and establish communication channels.

Rubio, a senior Republican senator known for his strong stance on foreign policy, has frequently criticized Russia’s actions on the international stage. A meeting between the two figures could mark a rare opportunity for direct engagement, though expectations for substantive breakthroughs remain cautious.

Observers note that even symbolic gestures of dialogue can carry weight in international diplomacy, particularly when relations are at a low point. Whether this potential meeting leads to tangible progress or remains a diplomatic formality will depend on the willingness of both parties to find common ground.


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