Business owners are facing a 'perfect storm' says Equifax Canada [Wealth Professional (Canada)]
Equifax, Inc. (EFX)
Last equifax, inc. earnings: 4/20 05:24 pm
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US:NYSE Investor Relations:
investor.equifax.com
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Source: Wealth Professional
Multiple pressures are converging to cause real pain for many of Canada's businesses , with some finding another layer of negativity too much to handle. A new report from Equifax Canada published today (March 19) highlights how being unable to meet the deadline for repayment of Canada Emergency Business Loans, triggering interest payments at 5% for a three year period, replacing interest free and no monthly payments. Not only was there a 41% surge in business insolvencies in 2023 compared to 2022 but the firm's data reveals a 14% increase in businesses that missed a payment on a credit product in the fourth quarter of 2023 compared to a year earlier. Industrial trades experienced an increase in 30+ day account-level delinquencies of almost 9% in the fourth quarter of 2023 to surpass 11%. Financial trades saw a 3.1% rise to 3.3%, led by Alberta (3%), Ontario (2.9%), and Quebec (2.6%) with the latter also seeing the largest rise in the 90+ days delinquency rate versus a year earl
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EFX
News
- Equifax Workforce Solutions Launches Forms HQ, Expanding the PeopleHQ™ Portal [Yahoo! Finance]Yahoo! Finance
- Equifax Workforce Solutions Launches Forms HQ, Expanding the PeopleHQ™ PortalPR Newswire
- Equifax Canada testing use of rental payment data for credit scores [MoneySense]MoneySense
- Equifax testing use of rent data for credit scores [Investment Executive - News]Investment Executive - News
- Equifax Canada testing use of rental payment data for credit scores [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
EFX
Earnings
- 4/17/24 - Beat
EFX
Sec Filings
- 4/26/24 - Form 144
- 4/26/24 - Form 144
- 4/22/24 - Form 10-Q
- EFX's page on the SEC website