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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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Rubio Set for High‑Stakes Denmark Talks as U.S. Greenland Push Intensifies

                                        Danish troops in military drills in Kangerlussuaq, Greenland.

U.S. Secretary of State Marco Rubio is scheduled to meet with senior Danish officials next week as Washington continues to press its long-standing interest in Greenland. The upcoming talks come amid heightened diplomatic tension, with Denmark and Greenland seeking clarity on the United States’ intentions and urging more direct communication.

Rubio confirmed the meeting during remarks in Washington, emphasizing that the administration remains committed to diplomacy even as it maintains that Greenland is strategically important to U.S. national security. He offered no indication that the White House is reconsidering its position, signaling that President Donald Trump’s goal of expanding U.S. influence in the Arctic remains unchanged.

Danish leaders hope the discussions will ease strain between the two allies and address what they describe as misunderstandings driving the dispute. Greenlandic officials have also expressed frustration that much of the dialogue has unfolded through public statements rather than formal diplomatic channels.

The meeting is expected to focus on sovereignty concerns, Arctic security, and the future of U.S.–Danish cooperation as the debate over Greenland continues to evolve.


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