Suspected Digital Fraud Coming from Canada Up Nearly 11% Since H1 2023, Reveals New TransUnion Analysis
October 16, 2024 06:00 ET
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TransUnion
In H1 2024, 5.7% of all attempted digital transactions originating from Canada were suspected to be Digital Fraud; more than half (54%) of Canadians said they were recently targeted by fraud attempts....
Mortgages Account for Nearly Three Quarters of Canadian Debt as Consumers Hold Out for Reduced Interest Rate Relief
August 27, 2024 06:00 ET
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TransUnion
Key findings from the TransUnion® report: Canadian household debt hits a record high $2.41 trillion, with mortgage debt making up 74% of the total outstanding balances. More Canadians face payment...
Nearly Half of Canadians say Household Finances are Worse than Anticipated as Consumer Inflation Concerns Hit Highest Level Since Q2 2022 – TransUnion Study
July 09, 2024 06:00 ET
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TransUnion
52% of Canadian consumers surveyed intend to cut discretionary spending as they navigate a high cost of living, with 86% saying inflation is in their top three household financial concerns, reveals...
Canadian Consumer Credit Market Continued to Expand, with Evident Signs of Payment Stress
May 28, 2024 06:00 ET
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TransUnion
Key findings from TransUnion report: Credit participation in Canada continued to rise, led by new-to-country and Generation Z consumers, driving total debt to $2.38 trillion Continued higher cost...
Canadian Consumer Credit Market Reaches a New High, Driven by Credit Demand from New-to-Credit Canada Consumers
February 27, 2024 08:00 ET
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TransUnion
Key findings from TransUnion report: Consumer credit-active population growth is primarily driven by New-to-Credit consumers, with those being New-to-Canada driving the trend. Canada’s credit market...
Suspected Digital Fraud Originating from Canada Soars in 2023; Canada with Third Highest Increase in Fraud Rates Among 19 Countries Analyzed by TransUnion
February 21, 2024 06:00 ET
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TransUnion
Key Findings: 39% growth in the rate of suspected digital fraud attempts year-over-year (YoY) for transactions originating from Canada in 2023.60% of Canadians surveyed said they were recently...
Enrollments for Self-Credit Monitoring Increase as Canadians Seek New Credit and Look to Manage Debt, Reveals New TransUnion Study
January 31, 2024 08:01 ET
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TransUnion
Nearly half (42%) of surveyed Canadians monitor their credit report to help obtain new credit and 45% look to better manage debt. Underserved and new-to-credit consumers benefit from greater credit...
Nearly One Third of Canadians Expect to Be Unable to Pay their Bills in Full, 33% of Whom Plan to Increase Reliance on Credit to Stay on Top of Bills or Loans – TransUnion Study
January 09, 2024 06:00 ET
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TransUnion
57% of participants intend to cut discretionary spending and 22% plan to apply for new or refinance existing credit as Canadians appear to be bracing for continued increases in household cost of...
Canadians Increase E-Commerce Activity During Black Friday Shopping Period Despite 80% Concerned about Falling Victim to Online Fraud Over Holidays – TransUnion study
December 12, 2023 06:00 ET
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TransUnion
TransUnion study also reveals 4.5% increase in suspected fraud rate in Canada from the same period in 2022. Key Findings: 80% of Canadians surveyed are concerned about falling victim to online...
Canadian Credit Market Reaches Record High Participation
December 05, 2023 06:00 ET
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TransUnion
Total Canadian credit active consumers holding at least one credit product at an all time high of 31.2 million.While average credit card balance per consumer rose due to higher cost of living, the...