Canada and credit bureaus can do more to help struggling Canadians

Canada has an opportunity with the credit crisis to go farther by finally implementing a comprehensive set of measures to protect Canadian consumers.

Poor credit scores tend to have a disproportionately negative impact on racialized and disadvantaged communities and low-income workers who are more unlikely to qualify for mortgages, lines of credit, or car loans, writes Daniel Tsai. Pexels photograph by Andrea Piacquadio

Opinion

BY DANIEL TSAI

November 18, 2020

As Canadians struggle to deal with the pandemic and its negative impact on their finances, the challenge of making payments becomes more difficult as the pandemic continues and impacts struggling households. As of the end of September, the Canadian Bankers Association reported almost 760,000 Canadi...

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