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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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Diplomatic Push Intensifies as U.S. Envoy Heads to Moscow, Zelenskyy Rallies Europe

 

Special Envoy Steve Witkoff attends a meeting with Ukrainian officials Sunday, Nov. 30, 2025, in Hallandale Beach, Fla.


Efforts to find a path toward peace in the ongoing war in Ukraine are gaining momentum this week, as U.S. envoy Mark Witkoff prepares for talks with Russian President Vladimir Putin in Moscow. The meeting comes at a critical juncture, with international pressure mounting to ease tensions and explore potential avenues for negotiation.

Meanwhile, Ukrainian President Volodymyr Zelenskyy is touring European capitals to strengthen alliances and secure continued support for Kyiv. His trip underscores Ukraine’s determination to keep Western nations engaged as the conflict grinds on.

The parallel diplomatic tracks highlight the complexity of the situation: while Washington seeks dialogue with Moscow, Kyiv is focused on reinforcing its partnerships across Europe. Observers note that the simultaneous efforts reflect both urgency and uncertainty, as the war shows little sign of resolution but global leaders intensify their search for common ground.


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