Equifax® Canada: Insolvencies Rise Amid Mounting Financial Stress on Canadian Businesses [Yahoo! Finance]
Equifax, Inc. (EFX)
Last equifax, inc. earnings: 4/20 05:24 pm
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Source: Yahoo! Finance
TORONTO, March 19, 2024 (GLOBE NEWSWIRE) -- 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). One significant contributor to this mounting stress is the repayment of Canada Emergency Business Account (CEBA) loans. With the deadline for CEBA loan repayments now passed, many businesses find themselves navigating the financial strain of monthly payments accompanied by a higher interest rate — a stark contrast to the initial terms of interest-free and no monthly payments. On January 19, 2024, CEBA loans converted to a three-year term loan with five per cent interest payable per year. “Canadian businesses are facing a perfect storm of economic pressures,” says Jeff Bro
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- 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