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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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U.S. Pushes for June Deadline in Ukraine–Russia Peace Effort

                    Volodymyr Zelenskyy says the US has given Ukraine and Russia a June deadline to end the war. 

The United States has proposed a June deadline for Ukraine and Russia to reach a framework agreement aimed at ending the war, according to President Volodymyr Zelenskyy. He said Washington wants a clear timeline to accelerate diplomatic progress and prevent the conflict from dragging deeper into the year.

Zelenskyy noted that the U.S. is prepared to increase pressure on Moscow if negotiations stall, signaling a more assertive American role in shaping the pace of talks. Ukraine has already agreed to participate in the next round of discussions, which the U.S. has offered to host.

Despite ongoing Russian attacks on critical infrastructure and continued fighting along the front lines, Kyiv views the proposed deadline as an opportunity to consolidate international support and push for a settlement that protects its sovereignty. Whether Moscow will engage constructively remains uncertain, but the U.S. timeline underscores growing urgency to move the war toward a diplomatic resolution.


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