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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. Launches Airstrikes on ISIS Targets in Nigeria After Attacks on Christian Communities

US launches airstrikes on IS in Nigeria


The United States has carried out targeted airstrikes against Islamic State militants in northwest Nigeria following a series of deadly attacks on Christian communities during the Christmas period. The operation, conducted in coordination with Nigerian authorities, focused on ISIS‑affiliated fighters operating in remote areas of Sokoto State.

U.S. officials described the strikes as a direct response to escalating extremist violence, noting that militants had intensified assaults on villages and travelers in recent weeks. Nigerian security forces have struggled to contain the spread of ISIS‑linked factions, which have exploited weak local defenses and difficult terrain.

While Washington framed the action as a response to attacks specifically targeting Christians, Nigerian authorities emphasized that extremist groups have victimized civilians of multiple faiths. They stressed that the broader threat affects both Christian and Muslim communities across the region.

No casualty figures have been released, and both governments say assessments are ongoing. The strikes mark a rare instance of direct U.S. military action inside Nigeria and come amid growing international concern over the expansion of jihadist networks in West Africa.


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