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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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Escalating Conflict: U.S. and Israel Intensify Strikes on Beirut and Tehran

 

                                Israel says it hit Hezbollah sites in Beirut on Tuesday morning.


A new wave of coordinated U.S.-Israeli attacks has struck Beirut and Tehran, deepening an already volatile regional conflict and prompting urgent international concern. According to multiple reports, Israel launched fresh airstrikes on Hezbollah positions in Beirut while simultaneously targeting sites in Tehran, part of a broader campaign aimed at weakening Iran’s military and political infrastructure. 

The escalation follows a series of Iranian drone attacks across the Gulf, including strikes that hit the U.S. Embassy in Riyadh, causing fires and minor damage. U.S. President Donald Trump has vowed a forceful response, signaling that the military campaign could continue for weeks as Washington and Tel Aviv seek to dismantle Iran’s missile and nuclear capabilities. 

Casualties continue to rise across the region. Reports indicate hundreds killed in Iran, including civilians, as Israeli and U.S. forces expand their operations.  Meanwhile, Lebanon faces intensified bombardment and a new ground incursion in its south, further destabilizing the country’s already fragile security landscape. 

Diplomatic fallout is spreading quickly. Several U.S. embassies across the Middle East have begun evacuating non-essential personnel, and regional governments are bracing for further unrest. With tensions mounting and no clear path to de-escalation, global leaders are calling for restraint as the conflict threatens to widen into a broader regional war.


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