Equifax data reveals increased Canadian bankruptcy levels



    TORONTO, Jan. 29 /CNW/ - Equifax Canada today released the latest data
from an economic report developed by its Consulting Solutions team, which
revealed that Canadians in every region of the country are filing for
bankruptcy in increasing numbers. The most recent bankruptcy data as of
November 30th 2008, shows that consumer bankruptcies increased by 9% over the
same period as a year earlier - with 109,068 bankruptcy filings at the end of
November 2008 vs. 100,253 bankruptcies at the end of November 2007.
    As part of its in-depth analysis, Equifax compared the number of consumer
bankruptcies on a provincial and municipal level every month from January 2003
to November 2008.
    "With the extensive data we have, which includes the latest Canadian
financial, demographic, and marketing information, Equifax has tremendous
insight into our economy," said Nadim Abdo, vice president of Equifax
Consulting Solutions. "Unfortunately, our latest data illustrates that the
weaker economy coupled with high personal debt levels has led to an increasing
number of consumers declaring bankruptcy."

    
    Equifax Bankruptcy Data Findings:
    ---------------------------------

    Canada
    ------

    -   Bankruptcies are trending higher in all parts of Canada: By
        November 30th 2008, total consumer bankruptcies (109,068) had already
        surpassed, by 1.6%, the total amount of bankruptcies for all of 2007
        (107,312).

    -   The average loss per consumer resulting from bankruptcy had increased
        most significantly in October & November of 2008, reaching $33,000
        (excluding mortgage debt) from $31,000 per consumer in January 2008.

    Western Canada
    --------------

    -   Western Canada experienced a 4.2% increase in bankruptcies between
        November 30 2007 (19,053) and November 2008 (19,863).

    -   In Q1 and Q2 2008, consumer bankruptcies for Calgary were at their
        lowest in 5 years, but by November 2008, the year-to-date total was
        12% higher than the same time a year earlier (November 2007 - 2,292
        vs. November 2008 - 2,588).

    -   In Q1 and Q2 2008, consumer bankruptcies for Edmonton were at their
        lowest in 5 years, but by November 2008, the year-to-date total was
        17% higher than the same time a year earlier (November 2007 - 2,406
        vs. November 2008 - 2,836).

    -   In Q1 and Q2 2008, consumer bankruptcies for Vancouver were at their
        lowest in 5 years, but by November 2008, the year-to-date total was
        6% higher than the same time a year earlier (November 2007 - 3,790
        vs. November 2008 - 4,026).

    Ontario
    -------

    -   Ontario's consumer bankruptcies were trending upwards in 2008 and the
        year-to-date total on November 2008 was 10.5% higher than the same
        period in 2007 (November 2007 - 42,770 vs. November 2008 - 47,272).

    -   Consumer bankruptcies for Toronto in 2008 have far exceeded those
        experienced in the past 5 years and the year-to-date total at
        November 2008 was 8% higher than a year earlier (November 2007 -
        11,276 vs. November 2008 - 12,161).

    Quebec
    ------

    -   Quebec's consumer bankruptcies were trending upwards in 2008 and the
        year-to-date total on November 2008 was 10% higher than the same
        period in 2007 (November 2007 - 29,130 vs. November 2008 - 32,043).

    -   Consumer bankruptcies for Montreal in 2008 have far exceeded those
        experienced in the past 5 years and the year-to-date total at
        November 2008 was 11.5 % higher than a year earlier
        (November 2007 - 12,914 vs. November 2008 - 14,405).

    Maritimes and Newfoundland
    --------------------------

    -   Since Q2 2008, bankruptcies in the Maritimes and Newfoundland had
        reached 5-year highs and the year-to-date total at November 2008 was
        6.5 % higher than a year earlier (November 2007 - 9,222 vs. November
        2008 - 9,824).
    

    About Equifax Inc. (www.equifax.com)

    Equifax empowers businesses and consumers with information they can
trust. A global leader in information solutions, we leverage one of the
largest sources of consumer and commercial data, along with advanced analytics
and proprietary technology, to create customized insights that enrich both the
performance of businesses and the lives of consumers.
    Customers have trusted Equifax for over 100 years to deliver innovative
solutions with the highest integrity and reliability. Businesses - large and
small - rely on us for consumer and business credit intelligence, portfolio
management, fraud detection, decisioning technology, marketing tools, and much
more. We empower individual consumers to manage their personal credit
information, protect their identity, and maximize their financial well-being.
    Headquartered in Atlanta, Georgia, Equifax Inc. employs approximately
7,000 people in 14 countries through North America, Latin America, and Europe.
Equifax is a member of Standard & Poor's (S&P) 500 Index. Our common stock is
traded on the New York Stock Exchange under the symbol EFX.





For further information:

For further information: Michael Lofquist, Marketing & Communications
Manager, at (416) 227-5290 or visit our website at www.equifax.ca

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EQUIFAX CANADA INC.

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