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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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Alberta Halts Health Procurement Amid Controversy

                                           Alberta Premier Danielle Smith 


Alberta’s government has abruptly ended procurement negotiations with two companies linked to Edmonton businessman Sam Mraiche, a figure at the centre of a growing health care scandal. The firms were in talks to build private surgical facilities in Red Deer and Lethbridge, but the United Conservative government announced the termination following mounting criticism over transparency and potential conflicts of interest.

The decision comes after weeks of scrutiny over Mraiche’s involvement in provincial health contracts. Allegations of inflated prices, political pressure, and questionable procurement practices have fueled public concern, prompting Alberta’s auditor general to launch an investigation into the health authority’s contracting processes.

Premier Danielle Smith’s government has faced backlash for its dealings with Mraiche’s companies, especially given his limited background in the medical sector. Critics argue that the episode highlights deeper issues of oversight and accountability in Alberta’s health care system.

By halting these negotiations, the province aims to restore public trust, though opposition leaders continue to call for broader inquiries into alleged corruption and mismanagement. The controversy underscores the tension between Alberta’s push for expanded private surgical facilities and the need for rigorous safeguards in public procurement.

In summary: Alberta’s move to end talks with Mraiche-linked firms signals a retreat from controversial health care deals, but the scandal has already sparked wider investigations and political fallout.

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