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Stock impact report

Equifax launches new service to aid newcomers to Canada [Globe and Mail, The (Toronto, Canada)]

Equifax, Inc. (EFX) 
Last equifax, inc. earnings: 4/20 05:24 pm Check Earnings Report
US:NYSE Investor Relations: investor.equifax.com
Log in or create a free account to listen to this article. Equifax Canada Inc. EFX-N decrease has launched a new service to help newcomers access their credit history from their countries of origin in order to give them better access to financial and other products in Canada. The consumer credit-reporting agency's Global Consumer File will help lenders make more informed decisions for newcomers who have not already established a credit history in Canada. The service will be first available to newcomers from India, which accounted for 27 per cent of new permanent residents, 45 per cent of international students and 22 per cent of temporary foreign workers in 2022, according to Immigration, Refugees and Citizenship Canada. Lack of a Canadian credit history has posed a challenge for newcomers when it comes to accessing financial services such as housing and credit cards, said Enoch Omololu, founder of Savvy New Canadians, a personal finance platform for newcomers. As a resul Show less Read more
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