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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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Geneva Talks Close With No Breakthrough as Ukraine Accuses Russia of Delays

The Russian delegation leaves the InterContinental hotel after the U.S.-mediated peace talks between Russia and Ukraine ended abruptly.

Peace negotiations between Ukraine and Russia wrapped up in Geneva with little sign of progress, ending after only a short session marked by tension and frustration. Ukrainian President Volodymyr Zelensky said Russia was deliberately dragging its feet, arguing that Moscow’s approach showed no real intention to move toward a settlement.

Officials involved in the discussions described the atmosphere as difficult, noting that while both sides reiterated their positions, no meaningful steps forward emerged. The talks took place against the backdrop of growing international pressure to find a path toward de‑escalation, yet the divide between Kyiv and Moscow remains wide.

Russian representatives indicated that additional rounds of dialogue may take place, but no timeline was set. For now, the Geneva meeting closes without a breakthrough, leaving the conflict’s diplomatic future as uncertain as ever.


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