Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

The Struggle of European Farmers and Sympathetic Consumers

 


European farmers are facing a tough time due to multiple factors, including persistent inflation, high interest rates, and volatile energy prices. These factors have led to a decrease in their income, making it difficult for them to sustain their livelihoods. However, some consumers who sympathize with the farmers are also struggling to afford their food.

The high cost of living has made it challenging for many people to buy locally produced food, which is often more expensive than imported food. This has led to a situation where some consumers who want to support local farmers are unable to do so. The situation is further exacerbated by the fact that many farmers are forced to sell their produce at lower prices due to competition from cheaper imports.

The issue of struggling farmers and sympathetic consumers is a complex one that requires a multi-faceted solution. Governments can help by providing subsidies to farmers and implementing policies that promote local agriculture. Consumers can also play a role by supporting local farmers and buying locally produced food whenever possible.

It’s important to remember that the food we eat is a result of the hard work of farmers. By supporting them, we can ensure that they are able to continue producing high-quality food for us to enjoy.


 

Labels:

Comments

Post a Comment