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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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Atlantic Canada Faces Winter’s Fury: Arctic Chill and Coastal Threats

 

                                             A commuter boards a public transit vehicle amid heavy
                                           snowfall in St. John's, Wednesday, Dec. 3, 2025.

   

Atlantic Canada is preparing for a powerful blast of Arctic air that is expected to bring dangerous conditions across the region. Meteorologists warn that plunging temperatures will combine with high winds and the risk of coastal flooding, creating a challenging start to December for communities along the shoreline.

Key Impacts Expected:

  • Arctic Air: A sharp drop in temperatures will grip the region, with wind chills making conditions feel even colder.
  • High Winds: Gusts are forecast to reach damaging levels, raising concerns about power outages and hazardous travel.
  • Coastal Flooding: Storm surges and pounding waves could lead to flooding in low-lying areas, particularly during high tide.

Emergency officials are urging residents to secure property, avoid unnecessary travel, and stay alert for updates. With winter weather arriving in full force, Atlantic Canada is bracing for a storm system that could test the resilience of its coastal communities.

                                      

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