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Stock impact report

More Canadians are lying about their finances [Wealth Professional (Canada)]

Equifax, Inc. (EFX) 
Last equifax, inc. earnings: 4/20 05:24 pm Check Earnings Report
US:NYSE Investor Relations: investor.equifax.com
First-party fraud rates across Canada climbed 31% year over year between the fourth quarter of 2024 and the fourth quarter of 2025, driven by sharp increases in the credit card and banking sectors, according to new data from Equifax Canada. The company's latest Market Pulse Fraud Trends and Insights report, released Wednesday, found that a growing number of Canadians are intentionally misrepresenting their own financial information to gain access to credit and banking products – a shift from traditional fraud patterns in which a third party steals or fabricates someone else's identity. The trend was most pronounced in Ontario and Alberta and disproportionately affected younger demographics nationwide. Carl Davies, head of fraud and identity at Equifax Canada, said the findings should put lenders on notice. “This concerning growth in first-party fraud activity is a trend no lender can afford to ignore,” Davies said. “Traditional third-party attacks remain prevalent, but we are a Show less Read more
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