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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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Republicans Break Ranks as House Moves to Roll Back Trump-Era Tariffs on Canada

An officer patrols the grounds of the U.S. Capitol on Feb. 6, 2026. The House of Representatives voted Wednesday on a resolution to nullify the basis of President Donald Trump's tariffs against Canadian goods.

In a rare departure from party unity, the U.S. House of Representatives voted to roll back portions of former President Donald Trump’s tariffs on Canadian goods. The bipartisan measure reflects growing concern among lawmakers—particularly Republicans from agricultural and manufacturing districts—about the economic strain these duties have placed on U.S. businesses.

The vote signals a notable shift within the GOP, where skepticism toward tariffs has been rising as industries report higher costs and disrupted supply chains. Supporters of the rollback argue that easing tensions with Canada, one of America’s closest trading partners, will help stabilize cross‑border commerce and reduce pressure on domestic producers.

Opponents, however, maintain that the tariffs were originally imposed to protect U.S. industries from unfair competition and warn that reversing them could weaken America’s leverage in future trade negotiations.

While the measure still faces hurdles in the Senate, the House vote underscores a broader debate within the Republican Party about the long‑term economic impact of protectionist policies—and whether recalibrating trade relations with allies is now a political necessity.


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