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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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Back‑to‑Back Rail Disasters Leave Spain on Edge

                                  Wreckage of the high-speed train collision that occurred earlier this month

A commuter train derailed near Barcelona on Tuesday, killing the driver and leaving four passengers seriously injured, intensifying national concern only two days after a deadly high‑speed train collision elsewhere in Spain.

The derailment occurred in Gelida, a town just outside Barcelona, when a retaining wall collapsed onto the tracks during heavy rainfall. The impact forced several carriages off the rails, prompting a large emergency response involving firefighters, medical teams, and transport officials.

All passengers were eventually evacuated, though several required urgent medical attention. Authorities are now investigating whether structural weaknesses, recent storms, or maintenance lapses contributed to the collapse.

The incident comes at a moment of heightened scrutiny for Spain’s rail network, as the country grapples with two major accidents in less than 48 hours. Public pressure is mounting for a thorough review of infrastructure safety and emergency preparedness.


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