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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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Markets on Edge as US Strikes Push Conflict Beyond Expectations

 

                                    Operation Epic Fury' is well ahead of schedule according to US Admiral Brad Cooper


Global markets were shaken as the United States intensified its military campaign against Iran, advancing faster than anticipated and triggering a surge in energy prices. The coordinated US–Israeli strikes targeted Iranian missile sites and air‑defense systems, with American commanders describing the operation as progressing “ahead of the game plan.” 

Oil and gas markets reacted immediately. With the conflict unfolding along one of the world’s most critical energy corridors, fears of prolonged supply disruptions sent crude prices sharply higher. Investors shifted toward safe‑haven assets such as gold, while major stock indices experienced volatility amid uncertainty over how long the confrontation might last. 

The situation on the ground in Iran added to global unease. Tehran was described as a “ghost town” as civilians fled urban centers, and retaliatory strikes continued across the region. More than 20,000 flights were canceled throughout the Middle East, prompting governments to rush to repatriate stranded travelers. 

As the conflict entered its fifth day, analysts warned that extended instability in the region could have far‑reaching economic consequences. With Iran positioned at a vital chokepoint for global oil shipments, even short‑term disruptions risk amplifying inflationary pressures and slowing global growth. 


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