HOW DO CREDIT SCORES WORK: A ho-hum credit score might bring you a higher mortgage rate. Canada has two main credit bureaus — Equifax and TransUnion — that collect and share data about how you’ve used credit in the country. These private companies draw up credit reports that summarize your activity and use it to assign you a credit score. Lenders like banks rely on your credit score to tell if you’re a good investment. Credit bureaus assess a lot of information... [read more]