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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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Kyiv Rejects U.S. Proposal Involving Territorial Concessions



A new U.S.-backed peace initiative has stirred controversy after reports suggested it would require Ukraine to cede parts of its territory to Russia in exchange for ending the ongoing war. The plan, intended to halt hostilities and pave the way for negotiations, was met with swift rejection from Kyiv.

Ukrainian officials emphasized that any settlement involving the surrender of land undermines the nation’s sovereignty and sacrifices the sacrifices made by its people. President Volodymyr Zelenskyy’s administration reiterated that Ukraine’s territorial integrity is non-negotiable and that peace must be achieved without concessions to aggression.

The proposal has also sparked debate among international observers, with critics warning that legitimizing territorial seizures could set a dangerous precedent for global security. While Washington framed the plan as a pragmatic step toward ending the conflict, Kyiv’s firm stance highlights the deep divide over how peace should be pursued.

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