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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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Border Tensions Erupt: Deadly Clash Between Pakistan and Afghanistan

                                     A Taliban fighter sits on a tank on Afghanistan's border with Pakistan 

Heavy gunfire and shelling broke out late Friday night along the Pakistan-Afghanistan border, resulting in multiple casualties and escalating already fragile relations between the two neighbors. The fighting occurred at the Chaman-Spin Boldak crossing, a major transit point between southern Afghanistan’s Kandahar province and Pakistan’s Balochistan region.

According to Afghan officials, four civilians and one soldier were killed, while several others sustained injuries during the exchange. Hospitals in Chaman reported treating wounded individuals, with some discharged after minor injuries. Both sides accused each other of initiating “unprovoked” attacks, despite a ceasefire agreement reached after deadly clashes in October.

Witnesses described a chaotic scene as mortar shells and gunfire rattled homes near the border. Afghan Taliban spokesman Zabihullah Mujahid claimed Pakistani forces launched the first attack, forcing Afghan troops to respond. Pakistani officials, however, countered that Afghan forces violated the truce by opening fire without provocation.

The incident comes just days after peace talks in Saudi Arabia collapsed, leaving relations between Islamabad and Kabul at a low point. Analysts warn that the border, already a flashpoint due to disputes over fencing and cross-border militancy, could see further violence if diplomatic efforts fail.

The Chaman-Spin Boldak crossing has long been a sensitive area, vital for trade and movement but frequently disrupted by clashes. October’s fighting had already left dozens dead, and this latest flare-up underscores the volatility of the frontier.

For civilians living near the border, the renewed violence is a grim reminder of the fragile peace. With both governments trading blame, prospects for stability remain uncertain.


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