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Canadians Are Feeling Less Squeezed — But Fraud Is Rewriting How We Manage Credit

  New data from TransUnion's Q2 2026 Canada Consumer Pulse Study, released July 22, 2026 There's a small but real shift happening in Canadian households right now. After years of headlines about affordability and inflation, a new survey suggests things are slightly less bleak — but Canadians aren't relaxing. They're getting more careful, and increasingly, more worried about fraud than about their credit score. TransUnion's newest Consumer Pulse Study, out today, paints a picture of a country cautiously exhaling — while quietly tightening the locks on its financial front door. The Good News: A Little More Breathing Room For the first time in a while, the numbers aren't all doom. Roughly a quarter of Canadians surveyed said their household income rose over the past three months, and nearly one in four say their finances are running better than they expected this year — the best reading TransUnion has recorded in the past 12 months. Optimism is edging up too: 45% ...
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Tumultuous Fall Session Ends as Parliament Takes Holiday Break Amidst Political Upheaval

 

Members of Parliament are set to begin their holiday break later today, capping off a tumultuous fall sitting filled with non-confidence votes, filibusters, stalled legislation, a growing deficit, and the finance minister's resignation.

After Chrystia Freeland's bombshell departure from cabinet Monday morning, several Liberal MPs called for Prime Minister Justin Trudeau to step aside as well. Ontario MP Chad Collins left an evening caucus meeting telling reporters the Liberal caucus is divided and that the party needs a leadership race.

Dominic LeBlanc was sworn in as the new finance minister Monday, minutes after the government's fall economic statement was released. The economic update shows the deficit has grown to nearly $62 billion, far beyond the $40-billion target Freeland set earlier this year. The update includes $1.3 billion in new spending on measures to beef up the border in response to U.S. president-elect Donald Trump's threat to impose 25 percent tariff threats on Canadian goods.

LeBlanc, who is also in charge of intergovernmental affairs and democratic institutions, says his main priority as finance minister will be to address affordability issues. He will also continue to oversee the public safety file, implementing new border measures, until Trudeau holds a broader cabinet shuffle. That's expected to happen soon in order to replace ministers who have announced they won't seek re-election.

Parliament is set to resume on Jan. 27, after Trump's inauguration. When that happens, the Liberals may not be able to rely on the support of the NDP on confidence matters. NDP Leader Jagmeet Singh called for Trudeau's resignation on Monday, but he stopped short of saying his caucus would vote to bring down the government. His party has so far voted three times with the Liberals on non-confidence motions this fall, ensuring the minority government's survival.

Much of the fall sitting was dominated in the House of Commons by a filibuster on a Conservative privilege motion related to misspending at a now-defunct green technology fund. This has stalled most legislation in the House since late September.


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