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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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Israeli Strikes Kill Two Senior Iranian Security Officials, Escalating Regional Tensions

 

Iranian Secretary of Supreme National Security Council Ali Larijani, speaks during a press conference after his meeting with the Lebanese parliament speaker Nabih Berri, in Beirut, Lebanon, Aug. 13, 2025. Gholamreza Soleimani, a senior officer in the Islamic Revolutionary Guard Corps who commands Basij forces, attends a gathering during Basij Week in the Iranian capital Tehran on Nov. 24, 2019.

Israel announced that it has killed two of Iran’s top security officials in a series of overnight strikes, marking a significant escalation in an already volatile regional conflict. According to Israeli Defense Minister Israel Katz, the operation targeted Ali Larijani, Iran’s top security official and secretary of the Supreme National Security Council, along with Gen. Gholamreza Soleimani, commander of the Revolutionary Guard’s Basij paramilitary force.

The strikes, which reportedly took place in Tehran, are part of a broader campaign aimed at weakening Iran’s senior leadership. Iranian state media has not yet confirmed the deaths, though officials indicated that a statement may be forthcoming. 

In response, Tehran launched additional missiles and drones toward Israel and neighboring Gulf states, signaling that the conflict shows no signs of easing. The killings follow earlier attacks that have already shaken Iran’s leadership structure, intensifying fears of further regional destabilization. 


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