Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Wall Street Futures Rebound After Rocky Start to December

U.S. stock futures showed signs of recovery on Tuesday, offering investors a cautious sense of optimism after a turbulent beginning to December. The S&P 500 futures rose 0.3%, while the Nasdaq 100 added about 0.4%, and contracts tied to the Dow Jones Industrial Average hovered slightly above the flatline.

The rebound comes after Monday’s sharp losses, which snapped five-day winning streaks across all three major indexes. December is historically a strong month for equities, but the early stumble fueled debate over whether this year will see the traditional “Santa Claus rally” or a more subdued finish.

Beyond equities, Bitcoin edged back above $87,000, halting a weeks-long slide that had culminated in its worst single-day drop since March. Crypto-linked stocks such as Coinbase and Robinhood also saw modest gains, reflecting improved sentiment in risk assets.

Market watchers point to easing Treasury yields and softer inflation signals as factors helping to stabilize investor confidence. The 10-year Treasury yield stood at 4.09%, while the two-year yield settled at 3.53%, both slightly lower than recent highs.

Corporate earnings also played a role in shaping sentiment. Tech names like Tesla and Alphabet posted gains, while others such as Nvidia and Li Auto slipped, underscoring the mixed outlook in the sector. Meanwhile, MongoDB surged more than 20% in premarket trading after reporting stronger-than-expected results.

As Wall Street regains its footing, traders remain focused on the Federal Reserve’s upcoming December meeting, with markets pricing in a high likelihood of an interest rate cut. Whether this rebound marks the beginning of a sustained rally or just a temporary bounce will depend on how inflation, rates, and corporate performance unfold in the weeks ahead.

Labels:

Comments

Post a Comment