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1 in 4 Canadians can only afford minimum credit card payment
Posted
August 6, 2026
Views
13,714
Likes
321
Engagement
2.34%
August 6, 2026
13,714
321
2.34%
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1:58Now PlayingA new survey by Equifax found that 29 per cent of respondents are putting more essential purchases, such as groceries and utilities, on credit cards, while 25 per cent say they are making only the minimum payments.
The survey also found that Canadians under 55 are facing more financial strain across nearly every category.
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