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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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Winter Storm Slams U.S., Disrupting Travel and Power Systems

    
        Workers prepare to winch an ambulance stuck in the snow on Saturday in Little Rock, Arkansas.

A sweeping winter storm has carved a path across the United States, bringing heavy snow, fierce winds, and dangerous ice that have disrupted daily life for millions. The severe weather has triggered widespread power outages, leaving households in multiple states without heat as temperatures plunge.

Air travel has been hit especially hard. Thousands of flights have been canceled as airports struggle with icy runways, reduced visibility, and staffing challenges caused by the storm. Major hubs across the Midwest and Northeast have reported significant delays, with airlines urging travelers to check updated schedules before heading to the airport.

Road conditions have also deteriorated rapidly, prompting officials to warn residents to avoid unnecessary travel. Emergency crews continue working to clear highways and restore power, but ongoing snowfall and freezing rain are slowing progress.

Forecasters expect the storm to continue affecting large portions of the country through the start of the week, with additional snowfall and hazardous conditions likely. Residents are being encouraged to stay indoors, conserve energy, and prepare for extended disruptions as the system moves eastward.


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