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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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Ukraine Strikes Russian Energy Hubs with Missiles and Drones

An artilleryman of the 44th Separate Artillery Brigade, named after Hetman Danylo Apostol, of the Armed Forces of Ukraine, carries a cartridge as he prepares to fire a M777 Howitzer towards Russian troops.

On December 25, 2025, Ukraine launched a coordinated assault on Russian energy infrastructure, deploying Storm Shadow cruise missiles alongside long-range drones. According to the Ukrainian General Staff, the strikes hit the Novoshakhtinsk oil refinery in Russia’s Rostov region, one of southern Russia’s largest suppliers of diesel and jet fuel for the military. Multiple explosions were reported, and the facility was forced offline.

In addition to the refinery, Ukraine’s Security Service (SBU) confirmed drone attacks on facilities in Temryuk and Orenburg. Fuel tanks in Temryuk caught fire, while a gas processing plant in Orenburg was shut down, further disrupting Russia’s energy output.

Ukrainian officials stated that these operations are designed to undermine Russia’s military logistics and economic resilience, pressuring Moscow to scale back its war campaign. Russia acknowledged fires at several sites but has yet to release full damage assessments.

This latest wave of strikes highlights Kyiv’s growing reliance on precision long-range weapons to hit deep inside Russian territory, signaling a shift in strategy toward crippling Moscow’s industrial backbone.

Key Points

  • Date: December 25, 2025
  • Weapons Used: Storm Shadow missiles, long-range drones
  • Targets: Novoshakhtinsk refinery (Rostov), Temryuk fuel tanks, Orenburg gas plant
  • Impact: Major fires, shutdowns, disruption of Russian fuel supply to military


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