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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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Eid Brings a Brief Calm as Pakistan and Afghanistan Agree to Ceasefire

Taliban soldiers sit next to an anti-aircraft gun while on lookout for Pakistan's fighter jets, in Khost province, Afghanistan.

In a rare moment of de‑escalation, Pakistan and Afghanistan have agreed to temporarily halt hostilities ahead of Eid al‑Fitr, offering a brief respite after weeks of intensifying cross‑border tensions. 

The ceasefire—requested by Saudi Arabia, Qatar, and Turkey—comes after a series of deadly incidents, including a controversial Pakistani airstrike on a Kabul drug rehabilitation hospital that Afghan officials say killed hundreds. The pause is set to last through the Eid holiday, beginning at midnight on Wednesday and continuing until Monday. 

Officials in Islamabad described the move as a “gesture of good faith,” expressing hope that the truce will allow civilians on both sides to observe the holiday in peace. Kabul, meanwhile, held mass funerals for victims of the recent strike as it announced its own halt to fighting. 

While the ceasefire offers a momentary calm, it remains uncertain whether it will pave the way for longer‑term dialogue between the two neighbors, whose relations have been strained by accusations of cross‑border militancy and retaliatory attacks.


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