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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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EU Pushes Back After U.S. Tariff Ruling, Insists Trade Commitments Must Stand

 

                                            The European Union flag. 


The European Union has issued a firm response following a recent U.S. Supreme Court ruling that could open the door to higher American tariffs. EU officials stressed that Washington must honor existing trade agreements, warning that any unilateral increase in duties would violate commitments made between the two economic powers.

According to EU representatives, the bloc expects the United States to uphold the terms of previously negotiated deals, emphasizing that stability and predictability are essential for transatlantic trade. “A deal is a deal,” officials reiterated, signaling that the EU is prepared to defend its economic interests if necessary.

The Supreme Court decision has raised concerns in Brussels about potential shifts in U.S. trade policy. While the ruling does not automatically impose new tariffs, it grants the U.S. government broader authority to adjust them—an authority the EU fears could be used to revisit long‑settled disputes.

Despite the tension, EU leaders expressed hope that both sides will continue to prioritize cooperation. They noted that the transatlantic partnership remains one of the world’s most important economic relationships, and maintaining trust is crucial for navigating global challenges.


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