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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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Snowstorm Slams Southern Ontario, Disrupting Schools and Travel

 

                                          More snow is coming for southern Ontario and parts of Quebec. 


A fast‑moving winter storm swept across southern Ontario overnight, dumping heavy snow and creating difficult travel conditions for much of the region. Blowing snow and strong winds reduced visibility on major highways, slowing the morning commute and prompting officials to urge drivers to stay cautious.

Several school boards across the Greater Toronto and Hamilton Area closed their buildings for the day, while others cancelled bus service but kept schools open. Universities and colleges also shifted classes online as conditions worsened.

Air travel faced disruptions as well, with delays and cancellations reported throughout the morning while crews worked to clear runways.

Snow is expected to ease later in the day, but cleanup efforts will continue as plows work to clear major routes and residential streets. Residents are being encouraged to give themselves extra time, avoid unnecessary travel, and prepare for lingering slick conditions.


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