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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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U.S. Boat Strike in Pacific Leaves Four Dead

 

                                           US Defense Secretary Pete Hegseth,

 A U.S. military strike on a vessel in the Pacific has resulted in the deaths of four individuals, according to initial reports. The incident marks another in a series of maritime operations carried out in the region, underscoring heightened tensions and ongoing security concerns.

Officials have not yet released details about the identities of those killed or the specific circumstances surrounding the strike. The Pentagon stated that the operation was part of broader efforts to counter perceived threats in international waters, though further clarification is expected in the coming days.

Regional observers warn that repeated strikes could escalate instability across the Pacific, affecting both diplomatic relations and maritime trade routes. Human rights groups have called for transparency and accountability, urging international bodies to investigate the incident.


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