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How to check your credit score for free in Canada – CTV Toronto

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TORONTO —
Credit scores are designed to predict if consumers will pay their bills on time and the higher the number, the better the risk you are to a potential lender.

If you wanted to know your credit score, in the past you had to pay about $30 to a credit reporting agency, but now they will be available for free.

“This is fantastic news for all consumers,” Adriana Molina, Communications Manger with Credit Canada, said.

The government of Quebec passed legislation last month to better protect consumers from fraud and identity theft.

Equifax and TransUnion are now required by law to allow Quebecers to check their credit reports and scores online at no charge. 

Equifax decided to take it a step further and allow all Canadian access to their credit information online for free. 

“You can access both your credit file and your credit score for free online through the Equifax website,” Julie Kuzmic, the Director of Consumer Advocacy at Equifax Canada, said.

“Under the new Credit Assessment Agents Act, TransUnion is obligated to provide a credit score free of charge upon request to Quebec consumers. This service is only available to Quebec consumers at this time,” TransUnion told CTV News Toronto in a statement. 

“In line with TransUnion’s commitment to customers and consumers, we have been providing many of the rights outlined under the new legislation to all Canadian consumers for years, including explanatory notes and security alerts. In addition, all Canadian consumers continue to be able to access their Consumer Disclosure free of charge – to do so, please visit transunion.ca.”

To get your free credit information through Equifax go to their home page and scroll down to get my free Equifax score and report online. 

You’ll have to answer some questions and realize that putting in your social insurance number is optional.

In less than ten minutes you’ll have your credit score. 

Credit scores are between 300 and 900. 

A higher score means you’re a good risk, while a lower score means you may have missed payments or have taken on too much credit would could be seen as problematic for lenders. 

Some banks have recently allowed customers access to their credit scores and some websites have offered them for free with other services, but this is the first time the scores have been offered by Equifax for free to the public.

Credit Canada which provides credit counseling says if people can check their scores they can try to improve their financial situation.

“What you do not check does not get fixed, so if you can monitor your credit score and see it for free that is fantastic, because if there is a problem you’ll know about it and you’ll start taking steps to towards fixing whatever credit issues you have,” Molina said.

Equifax says each lender uses different criteria to determine a credit score so numbers can differ. 

If you see a mistake on your credit report you should take steps to correct it.

“There is a lot of information there to let you know that if something doesn’t seem right on your file, contact us and we will open an investigation and work with you to figure out what’s going on, Kuzmic said.

You should check your credit score at least once a year to see if your number is going up and not down.

Equifax said when a person checks their own credit information there is no impact on their score. 

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Factbox-Latest on the worldwide spread of the coronavirus

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(Reuters) -A recent surge in COVID-19 cases could see major parts of Japan slide back into states of emergency with authorities in Tokyo and Osaka looking at renewed curbs, while quarantine-free travel started between Australia and New Zealand for the first time in more than a year.

DEATHS AND INFECTIONS * Eikon users, see COVID-19: MacroVitals https://apac1.apps.cp.thomsonreuters.com/cms/?navid=1592404098 for a case tracker and summary of news.

EUROPE

* The number of coronavirus patients in intensive care units in France edged up on Sunday, amid a nationwide lockdown to try to stem a third wave of infections.

* British scientists launched a trial which will deliberately expose participants who have already had COVID-19 to the coronavirus again to examine immune responses and see if people get reinfected.

* Italy will ease curbs in many areas from April 26, warning caution was still needed to avoid any reversals in the reopening of many long-shuttered activities.

AMERICAS

* Just more than half of U.S. adults have now received at least one COVID-19 vaccine dose, data from the U.S. Centers for Disease Control and Prevention showed on Sunday, with nearly 130 million people aged 18 years or more having received their first shot.

* Dr. Anthony Fauci on Sunday predicted that U.S. health regulators will end the temporary pause on distributing Johnson & Johnson’s COVID-19 vaccine, adding he expects a decision could come as soon as Friday.

* Canada will present a budget with billions of dollars for pandemic recovery measures as COVID-19 infections skyrocket, C$2 billion ($1.6 billion) toward national childcare, and new taxes on luxury goods.

* The Canadian province of Ontario will begin offering AstraZeneca’s COVID-19 vaccine on Tuesday to people turning 40 or older this year.

* Venezuelan President Nicolas Maduro said on Sunday the government has made a second payment to the World Health Organization’s COVAX initiative to access around 11 million COVID-19 vaccines.

ASIA-PACIFIC

* India’s capital New Delhi recorded 25,500 coronavirus cases in a 24-hour period, with about one in three people tested returning a positive result, its chief minister said, urging the federal government to provide more hospital beds to tackle the crisis.

* Pfizer CEO Albert Bourla has agreed to Japanese Prime Minister Yoshihide Suga’s request to supply additional doses of the COVID-19 vaccine, the vaccine minister of Japan said on Sunday.

MIDDLE EAST AND AFRICA

* The coronavirus variant discovered in South Africa can break through the protection provided by Pfizer and BioNTech’s COVID-19 vaccine to some extent, a real-world data study in Israel found.

* Vaccination against COVID-19 is a requirement to perform the Umra pilgrimage to Mecca, Saudi state TV said on Sunday, citing a government official.

* Tunisia on Saturday announced the closure of all schools until April 30, as well as restrictions on movement, to slow the spread of the novel coronavirus.

MEDICAL DEVELOPMENTS

* China’s Sinovac COVID-19 vaccine was 67% effective in preventing symptomatic infection, data from a huge real-world study in Chile has shown, a potential boost for the jab which has come under scrutiny over its level of protection against the virus.

ECONOMIC IMPACT

* Asian shares hovered near 1-1/2 week highs on Monday, helped by expectations monetary policy will remain accommodative the world over, while COVID-19 vaccine rollouts help ease fears of another dangerous wave of coronavirus infections. [MKTS/GLOB]

(Compiled by Krishna Chandra Eluri, Devika Syamnath and Milla Nissi; Edited by William Maclean, Anil D’Silva and Subhranshu Sahu)

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New Zealand says ‘uncomfortable’ with expanding Five Eyes

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new zealand

SYDNEY (Reuters) – New Zealand said it is “uncomfortable” with expanding the role of the Five Eyes, a post-war intelligence grouping which also includes the United States, Britain, Australia and Canada, recently criticised by China.

China is New Zealand’s largest trading partner, and Foreign Affairs Minister Nanaia Mahuta said in a speech that New Zealand sought a predictable diplomatic relationship.

New Zealand will find it necessary to speak out on issues where it does not agree with China, including developments in Hong Kong and the treatment of Uyghurs in Xinjiang, she said in a speech on Monday to the government-funded New Zealand China Council.

In later comments to media reported by New Zealand’s Newshub, Mahuta said New Zealand didn’t favour invoking the Five Eyes for “messaging out on a range of issues that really exist out of the remit of the Five Eyes”.

“We are uncomfortable with expanding the remit of the Five Eyes,” she said.

China’s foreign ministry has repeatedly criticised the Five Eyes, after all members issued a joint statement about the treatment of Hong Kong pro-democracy legislators in November.

Last month, Chinese foreign ministry spokeswoman Hua Chunying said “the Five Eyes have taken coordinated steps to gang up on China”, after Australia and New Zealand issued a joint statement on Xinjiang.

Last year, the Five Eyes discussed cooperation beyond intelligence sharing, including on critical technology, Hong Kong, supply chains and the COVID-19 pandemic, according to a statement by Australia’s Foreign Minister Marise Payne in 2020.

Mahuta’s office told Reuters it couldn’t provide a copy of her comments on the Five Eyes.

Payne will travel to New Zealand on Wednesday for meetings with Mahuta and Prime Minister Jacinda Ardern, the first diplomatic visit between the neighbouring countries since borders reopened both ways.

Canberra has recently endured a rockier relationship with Beijing than Wellington, with Australia’s trade minister unable to secure a call with his Chinese counterpart as exporters were hit with multiple trade sanctions from China.

A diplomatic dispute between China and Australia worsened in 2020 after Canberra lobbied for an international inquiry into the source of the coronavirus pandemic.

China and New Zealand upgraded a free trade agreement in January, when, Mahuta said, trade ministers had held a “constructive” call.

 

(Reporting by Kirsty Needham; Editing by Michael Perry)

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Australia to hold inquiry to examine military suicides

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By Colin Packham

CANBERRA (Reuters) – Australia will hold a Royal Commission to examine suicides among serving and former military personnel, Prime Minister Scott Morrison said on Monday, bowing to public pressure to find ways to stem a mounting toll.

More than 500 have died from suicide since 2001, government data shows, a statistic that has fuelled public anger, including among the prime minister’s own Liberal party.

“I think and I hope it will be a healing process,” Morrison told reporters in Canberra, as he announced his call for a commission to be set up.

“I hope it will be a process by which veterans and families can find some comfort, but it obviously can’t replace the loss.”

The issue became prominent in Australia following a high-profile campaign by Julie-Ann Finney, whose son David, a former naval petty officer, committed suicide in 2019 after he had earlier been deployed to Iraq, East Timor and Bougainville.

Australian troops have been involved in conflicts in Iraq and Afghanistan, and deployed for humanitarian missions in the Pacific.

The United States, Britain and Canada are also exploring ways to reduce suicide rates among serving and former military personnel.

Morrison said he hopes the Royal Commission will begin hearings later this year. Final recommendations are expected in 2023, he said. A permanent national commissioner will be tasked with ensuring the recommendations are enforced.

 

(Reporting by Colin Packham; Editing by Simon Cameron-Moore)

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