Equifax Canada Survey Shows One in Four Canadians Expect to Make Only Minimum Credit Card Payments

An Equifax Canada survey of over 1,500 Canadians reveals mounting financial pressure, with 25% expecting to make only minimum credit card payments and 29% using more credit for essential expenses. Households with children and adults under 55 face sharper pressures, with 51% of families spending more than a year ago. Financial confidence has weakened, with 44% worried about retirement savings and 41% concerned about emergency expenses.