Equifax Canada: Credit card application fraud rate rises 8% to 0.91% in Q2 2026

• Equifax Canada reported credit card application fraud rose 8% year over year in Q2 2026 to 0.91%.
• Third-party identity theft drove the increase, led by true identity fraud using genuine personal data to open new accounts.
• Overall consumer application fraud rate increased 5% to 0.66%; first-party fraud measured 0.35% versus 0.27% for identity theft.
• Canadians aged 56-65 were the most targeted group; Quebec posted the highest third-party credit card application fraud rate.
• Household stress indicators worsened: consumer debt reached $2.68 trillion; severe delinquency rose 11.7% to 0.68%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Equifax Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609290600PRIMZONEFULLFEED9835657) on September 29, 2026, and is solely responsible for the information contained therein.