EFX · News · 20260807N
Market Demand Trends
EQUIFAX INC · 2026-08-07 · Importance 17 · Surprise 24
Equifax Canada’s survey indicates that household financial pressure is increasing, with one in four Canadians expecting to make only minimum credit-card payments. Canadians are increasingly using credit and savings for everyday expenses while cutting investments and avoiding new debt. The strain is most pronounced among households with children and adults under 55, suggesting weaker future consumer borrowing and spending demand in Canada.