Latest News and Press Releases

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...

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...

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...

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...

Fraudsters in Canada increased their scams against Telecommunications (up 400% YoY), Insurance (up 90% YoY) and Online Communities (up 75% YoY) the most TransUnion points to key tips for Canadians...

Demand for credit continues to grow, likely fuelled by consumers seeking additional liquidity in response to high cost of living. Increased debt levels and higher interest rates contributed to higher...

Q2 2023 TransUnion Canada Consumer Pulse study key findings: Top 3 financial concerns: inflation (47%); increasing house prices (14%); possibility of recession (11%)32% anticipate being unable to pay...

Continued strong balance growth in Canada’s credit market during the first quarter of 2023, despite concerns of a looming recessionCanadian consumers demonstrate healthy credit performance and...

Consumers abandon online shopping carts (40%), financial product applications (38%) and websites (69%) if they lack confidence in data or fraud security protection 46% consider security of personal...

Amidst an economic environment of rising interest rates and high inflation, consumers continued to look to credit as a means to help stave off financial pressures during the fourth quarter of...