TORONTO, ON (June 18, 2024) – According to the latest data from Equifax® Canada’s Market Pulse Q1 2024 Business Credit Trends Report, new installment loan originations surged by 74 per cent year-over-year in the second half of 2023. Businesses that raced to meet the Canada Emergency Business Account (CEBA) forgiveness deadline of January 18th, 2024 could potentially be driving this higher-than-seasonal demand. "Whi ...

TORONTO, ON (June 11, 2024) – Consumer debt rose to $2.46 trillion at the end of Q1 2024, marking a 3.5 per cent increase from the previous year, according to the latest Market Pulse Consumer Credit Trends and Insights Report from Equifax® Canada. Financial strain was evident in the first quarter of 2024 as mortgage delinquency rates continued to climb in highly-priced housing markets like Ontario and British Columbia, and missed ...

TORONTO, ON (May 17, 2024) – Equifax Canada, a global data, analytics, and technology company, is committed to promoting financial inclusion and access to fair and responsible credit opportunities for all Canadians. As part of this commitment, Equifax is exploring how data sources not traditionally used in credit scores, such as payday loans, could help create a more complete picture of consumers' credit  health. "W ...

TORONTO, ON (April 23, 2024) – Equifax® Canada, a global data, analytics, and technology company, is committed to helping people live their financial best and to take steps to further financial inclusion for people in Canada with the continued support of rent reporting in credit scores. As the largest consumer credit bureau in Canada, Equifax strives to empower economically healthy individuals and financially inclusive commu ...

  ATLANTA, MARCH 21, 2024 – Equifax® (NYSE: EFX) today released its 2023 Security Annual Report, documenting the company’s continued commitment to security leadership through constant adaptation and proactive protection. The fourth annual report outlines how Equifax increased efficiency, reduced friction and strengthened continuous controls governance across its internal security program, while also collaborating externally ...

  TORONTO, ON (March 19, 2024) – Many Canadian businesses are facing an uphill battle, as evidenced by a 41.4 per cent surge in business insolvencies in 2023 when compared to 2022. The latest data from Equifax® Canada’s Market Pulse Quarterly Business Credit Trends Report also points to a 14.3 per cent uptick in the number of businesses that missed a payment on a credit product (Q4 2023 vs. Q4 2022). ...

  TORONTO, ON (March 5, 2024) – According to Equifax® Canada’s latest Market Pulse Consumer Credit Trends and Insights report, economic pressure is more visible as many consumers struggle to make monthly credit payments. Delinquency rates for non-mortgage balances that are 90+ days overdue went up from one per cent in Q4 2022 to 1.3 per cent in Q4 2023, representing a 28.9 per cent increase. Mortgage delinque ...

  TORONTO, ON (February 27, 2024) – A new survey* by Equifax Canada sheds light on a public increasingly worried about the potential rise in fraudulent activity across industries. In addition, Equifax Canada data shows mortgage fraud and identity fraud continuing to escalate across the country as economic pressure continues.    Key Overall Findings:    E ...

Toronto, Ontario – January 30, 2024 - Zonetail Inc. (“Zonetail'' or the “Company”) (TSXV: ZONE) (OTC Pink: ZTLLF) is pleased to announce that it has signed a reporting agreement with Equifax Canada, that allows property management companies to have the ability to submit rent payment data to Equifax Canada on behalf of a tenant's request to help consumers build their credit score.    The solution is available to multi-f ...

TORONTO – January 16, 2024 – Minerva, a leader in Anti-Money Laundering (AML) compliance technology, today announced a channel program that will provide partners and their customers with seamless access to Minerva’s best-in-class AML risk assessment solutions to help ensure they are in compliance with the latest regulations and are proactively protected from financial crime. The channel program is ideal for organizations looking to resell, c ...

TORONTO, ON (December 12, 2023) – This holiday season, Canadian businesses face challenges including rising debt levels, slowing demand for new credit, and concerns about potential delinquencies, according to Equifax® Canada’s latest Market Pulse Business Credit Trends and Insights report.   Key findings from the Equifax Canada data include:   Credit card debt for businesses sur ...

  TORONTO, ON (December 5, 2023) - Equifax Canada is pleased to be recognized as one of Greater Toronto’s Top Employers for 2024. Equifax was ranked against other Greater Toronto Area (GTA) companies by Mediacorp before being recognized as one of the top employers in the GTA. Equifax is proud to be leading the way for both employees and clients alike.    “This recognition is a testament to ...