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Stock impact report

Equifax® Canada Report Reveals Increased Financial Strain as Credit Delinquencies Continue to Rise [Yahoo! Finance]

Equifax, Inc. (EFX) 
Last equifax, inc. earnings: 4/20 05:24 pm Check Earnings Report
US:NYSE Investor Relations: investor.equifax.com
Company Research Source: Yahoo! Finance
TORONTO, March 05, 2024 (GLOBE NEWSWIRE) -- 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 delinquency rates over the last 12 months saw a 52.3 per cent increase, from 0.09 per cent to 0.14 per cent. Delinquency Rates Rising in Ontario and British Columbia Ontario and BC have been particularly affected, with mortgage delinquency rates soaring by 135.2 per cent and 62.2 per cent respectively compared to Q4 2022, surpassing pre-pandemic levels. Financially stressed mortgage holders in these provinces are also increasingly missing payments on their credit cards. Missed payment levels in Ontario and BC are primarily being driven by younger homeowners (defined as 36 Show less Read more
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