CAA says 10,000 people may be affected by Equifax hack + MORE Sep 15th

(Shutterstock)
OTTAWA – Statistics Canada says the amount Canadians owe compared with their disposable income climbed higher in the second quarter.
The agency says household credit market debt as a proportion of household disposable income increased to 167.8 per cent, up from 166.6 per cent in the first quarter.
That means for every dollar of household disposable income there was $1.68 in credit market debt.
The increase came as household income increased 1.2 per cent while household credit market debt rose 1.9 per cent.
Total household credit market debt, which includes consumer credit, mortgage and non-mortgage loans, totalled nearly $2.08 trillion in the second quarter.
Mortgage debt increased 1.6 per cent to $1.36 trillion, while consumer credit grew 2.4 per cent to $609.6 billion.
The post Household debt climbs to 167.8 per cent, says StatsCan appeared first on Macleans.ca.

(Shutterstock)
OTTAWA – Statistics Canada says the amount Canadians owe compared with their disposable income climbed higher in the second quarter.
The agency says household credit market debt as a proportion of household disposable income increased to 167.8 per cent, up from 166.6 per cent in the first quarter.
That means for every dollar of household disposable income there was $1.68 in credit market debt.
The increase came as household income increased 1.2 per cent while household credit market debt rose 1.9 per cent.
Total household credit market debt, which includes consumer credit, mortgage and non-mortgage loans, totalled nearly $2.08 trillion in the second quarter.
Mortgage debt increased 1.6 per cent to $1.36 trillion, while consumer credit grew 2.4 per cent to $609.6 billion.
The post Household debt climbs to 167.8 per cent, says StatsCan appeared first on Macleans.ca.

Quantum Physics on a Blackboard (Getty Images)
Lee Smolin is a faculty member at Perimeter Institute for Theoretical Physics, which is leading Innovation150, a nationwide celebration of ingenuity.
We live in a world of uncertainty.
Our decisions—long-term or spur-of-the-moment—are always made with incomplete information. We can never fully anticipate, with perfect certainty, the outcome of our decisions or the unintended consequences. But because we must act with some degree of confidence, we are very good at fooling ourselves into a sense of certainty. Worse, we are good at fooling others.
For most of human history, progress of all kinds was slow, because ideas and practices that were helpful in the short run got locked in and blocked further insights. This lasted until the invention of practices that allowed groups of people to efficiently discover and root out error.
The two most important of these practices are science and democracy. Not surprisingly, they have a close association…

TORONTO — Equifax Canada is facing intensifying calls for transparency on its massive cyberhack as the Canadian Automobile Association informs thousands of its members that their data may have been compromised and frustrated consumers ask questions about why they’re being treated worse than their U.S. counterparts.
CAA said Thursday it partnered with Equifax on its identity protection program and is notifying the roughly 10,000 members who participated that they may have had sensitive data divulged in the security breach made public last week.
READ: 5 things to know about the Equifax hack
The auto organization’s program required members to register their personal information such as credit cards, banking information and email address, with the option of providing a social insurance number.
It appears that the sensitive information of CAA members who signed up for the identity protection program was stored with Equifax USA, said Ian Jack, CAA managing director of communications and government relations…

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