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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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Canada Goes Bargain‑Hunting: Massive Boxing Day Sales Sweep the Nation

 



Boxing Day has once again lived up to its reputation as Canada’s biggest shopping event of the year, with retailers across the country rolling out some of their steepest discounts. From early‑morning lineups at major malls to record online traffic, Canadians are diving head‑first into deals that span tech, fashion, home goods, and more.

Major retailers like Best Buy, Walmart, Canadian Tire, and Lululemon are offering deep markdowns, with some items slashed by as much as 70–90%. Electronics remain the star attraction — laptops, TVs, gaming consoles, and smart home devices are among the fastest‑selling categories. Meanwhile, winter apparel and home essentials are seeing a surge as shoppers take advantage of rare seasonal price drops.

Online shopping continues to dominate, with many Canadians opting to skip the crowds and shop from home. Retailers have responded by extending their digital sales, offering free shipping incentives and limited‑time “doorcrasher” deals throughout the day.

Despite the excitement, experts note that this year’s Boxing Day is also shaped by cautious spending. Many shoppers are prioritizing essentials or waiting for the best possible discounts before committing. Still, early indicators suggest strong turnout both in‑store and online.

Whether hunting for a big‑ticket upgrade or stocking up on everyday items, Canadians are making the most of one of the most anticipated shopping days of the year — and the deals show no signs of slowing down.

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