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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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Iran Vows to Rebuild Nuclear Facilities ‘With Greater Strength’ After Strikes

        Iranian President Masoud Pezeshkian visits the Iranian Atomic Energy Organisation in Tehran, Iran.

Iranian President Masoud Pezeshkian has declared that Tehran will rebuild its nuclear facilities “with greater strength” following recent U.S. and Israeli strikes that targeted key sites earlier this year.

Speaking during a visit to the Atomic Energy Organization of Iran, Pezeshkian emphasized that the attacks would not derail the country’s nuclear ambitions, which he insisted remain focused on civilian purposes such as medicine and energy.

The strikes, carried out in June, were described by Washington as a necessary measure to halt what it claimed was a weapons-oriented nuclear program. Tehran has consistently denied pursuing nuclear arms, maintaining that its program is designed to address domestic needs, including healthcare and energy production.

“Destroying buildings and factories will not create a problem for us,” Pezeshkian told state media. “We will rebuild, and with greater strength.”

The announcement comes amid heightened tensions between Tehran and Washington. U.S. President Donald Trump has warned that any attempt by Iran to restart its nuclear facilities could trigger further military action. Meanwhile, regional actors such as Oman have urged both sides to return to diplomacy.

Iran’s pledge to rebuild is also seen as a signal of resilience to its adversaries. By stressing that its scientists retain the necessary knowledge and capabilities, Tehran is underscoring that its nuclear program cannot be permanently dismantled through military strikes alone.


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