EFX · News · 20260806N

Macroeconomic Consumer Pressure

EQUIFAX INC · 2026-08-06 · Importance 17 · Surprise 24

An Equifax Canada survey reported on August 5–6, 2026 that one in four Canadian consumers expect to make only minimum credit-card payments. Households with children and adults under 55 reported sharper financial pressure, including greater reliance on credit and savings for everyday expenses. Respondents were also cutting investments and avoiding new debt, indicating potential weakness in future consumer spending in Canada.

Key facts

• Equifax Canada survey finds one in four Canadians expect to make only minimum credit card payments. source
• More consumers are using credit and savings for everyday expenses, with households with children and adults under 55 reporting sharper financial pressures, according to an Equifax Canada press release. source