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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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BC Conservatives in Turmoil as Rustad Defies Ouster

 

            John Rustad addresses media on Oct. 29, 2024, the day after losing the provincial election.

The British Columbia Conservative Party is facing a dramatic internal crisis after announcing that leader John Rustad has been removed from his position. Despite the party’s declaration, Rustad has flatly refused to step aside, insisting he remains the legitimate leader.

On Wednesday, 20 of the party’s 39 MLAs signed a letter declaring they had lost confidence in Rustad’s leadership, triggering a motion by the party’s board to certify him as “professionally incapacitated” and appoint Surrey-White Rock MLA Trevor Halford as interim leader. Party president Aisha Estey confirmed the authenticity of the caucus revolt, which was delivered through legal counsel.

Rustad, however, rejected the move both publicly and on social media, stating: “I have not resigned, I have not been removed, and I am not going anywhere.” He argued that the process used to oust him was flawed and claimed there is no mechanism for MLAs to force him out.

Political analysts warn that Rustad’s refusal to step down could render the party “ungovernable”, as the split between Rustad loyalists and the majority of caucus members deepens. The standoff comes just over a year after the Conservatives surged to Official Opposition status in the provincial legislature, positioning themselves as a major force against the governing NDP.

The dispute leaves the party in a precarious position, with questions about who truly holds authority and whether the Conservatives can maintain unity heading into future legislative battles. For now, the BC Conservatives are caught in a leadership limbo, with Rustad clinging to power while much of his caucus insists his time is over.

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