Equifax

• Consumers using savings to pay for essentials and piling up debt: Equifax

  Canadians continue to face financial strain amid the heightened cost of living, according to the latest report from Equifax, which shows younger people generally struggle the most.

  Consumer

  Aug 6
  
• Ontario, B.C. mortgage-holders increasingly missed payments in Q4, Equifax says

  Consumers in Ontario and British Columbia increasingly missed payments on mortgages and credit cards in the fourth quarter of 2023, Equifax Canada said. 

  Canada

  Mar 5, 2024
  
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• More Canadian businesses are missing debt payments, Equifax says

  The report by Equifax Canada says overall delinquencies for businesses in the third quarter rose 3.4 per cent compared with the previous quarter.

  Money

  Dec 12, 2023
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• Money Tips Monday: How to deal with your credit card debt

  Statistics Canada data indicates that for every dollar the average Canadian household has as disposable income, $1.85 is owed in credit market debt.

  Economy

  Jun 26, 2023
• Businesses are increasing their credit usage. Why that’s a worrying trend

  Equifax Canada says new data suggests a major shift in credit usage among businesses in the first quarter of 2023, and that casts doubts on the stability of the Canadian economy.

  Money

  Jun 20, 2023
• Mortgage originations in Canada dipped in first quarter: report

  Equifax Canada says credit demand was high in the first quarter of the year while the mortgage market saw a significant slowdown.

  Money

  Jun 6, 2023
• Credit card debt up 15% in Q4 with younger Canadians feeling pinch: Equifax

  Equifax says Canadians' credit card debt increased by more than 15 per cent from the same period a year earlier and totalled more than $100 billion for the first time.

  Economy

  Mar 9, 2023
• Canadians at record high credit card debt as inflation remains hot: survey

  Equifax Canada's consumer survey released Tuesday found the average credit card balance held by Canadians was at a record high of $2,121 by the end of September.

  Canada

  Nov 1, 2022
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• Business openings fell 50% annually in Q2 amid recession fears: Equifax

  Jeff Brown, Equifax's head of commercial solutions, says normally around 100,000 businesses open in the second quarter of each year.

  Money

  Sep 30, 2022
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• Quebec court approves $200.9M settlement against Desjardins over data breach

  For 26 months, a rogue employee was siphoning sensitive personal information collected by Desjardins from customers who had purchased or received products through the organization.

  Canada

  Jun 17, 2022