GlobeNewsWire
11 Jun 2026, 09:30 UTC · 4h ago
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3 claims · each scored for market impact
Equifax Canada reports that insolvency levels in Q1 2026 reached the highest levels since 2009 due to inflation and high interest rates. — High insolvency rates indicate significant financial distress in the Canadian business sector, increasing credit risk for lenders.
-0.50Equifax Canada data shows a sharp drop in Canadian entrepreneurship and a reduction in business credit usage. — Declining entrepreneurship and reduced credit appetite signal a contraction in business investment and economic growth.
-0.40Equifax Canada will introduce a free 'Credit Lock' (credit freeze) for all Ontario residents starting July 1, 2026. — While positive for consumers, credit locks prevent lenders from accessing credit reports, potentially slowing the speed of new credit originations in the province.
-0.20Which stocks this story touches
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The company is expanding its consumer protection offerings in Ontario and highlighting its leadership in fraud prevention technology.
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