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

Macron Fires Back: Europe Won’t Bow to Pressure

France's President Emmanuel Macron attends the 56th annual World Economic Forum meeting in Davos.

French President Emmanuel Macron delivered a pointed message in response to recent remarks from U.S. President Donald Trump, insisting that Europe “does not give in to bullies.” Speaking during a high‑visibility appearance at the World Economic Forum in Davos, Macron warned that yielding to intimidation would undermine Europe’s sovereignty and global stability.

His comments followed Trump’s latest salvo, which included threats of steep tariffs on European goods and renewed criticism of EU policies. Macron, who has increasingly positioned himself as a defender of European autonomy, argued that the continent must stand firm against unilateral pressure.

He emphasized that Europe will not “accept the law of the strongest,” framing the moment as a test of the EU’s resolve in a shifting geopolitical landscape. Macron also signaled that the bloc is prepared to respond with its own economic tools if necessary.

The exchange highlights a widening rift in trans‑Atlantic relations, with Macron making clear that Europe intends to assert itself rather than be coerced.


Labels:

Comments

Post a Comment