Connect with us

Anglais

StatCan scooped up 15 years of personal financial data from Canadian credit bureau – National

Published

on

[ad_1]

As Statistics Canada plans to build a massive new personal information bank with the real-time financial transaction data of hundreds of thousands of Canadians, Global News has learned the agency has scooped up 15 years’ worth of credit rating information from a major international credit bureau which could include millions of Canadians.

The data harvest was done without the consent or knowledge of those Canadians whose credit history was passed on Statistics Canada.

Statistics Canada, which has broad powers to compel any organization to turn over data that organization collects, directed the credit bureau TransUnion of Canada Inc., based in Burlington, Ont., to provide social insurance numbers, names, addresses, dates-of-birth and detailed credit information, including balances owed, balances overdue, and more than 30 other fields or categories of data.

The requests occurred in October 2017 and more recently in January 2018.

WATCH: StatCan’s push to scoop payment data on 500,000 Canadians deserves scrutiny






Statistics Canada could not immediately say how many records were retrieved from TransUnion. TransUnion confirmed the data transfer but would not say how many records were transferred, but implied it was not its entire Canadian consumer data set.

“We are providing Statistics Canada with select administrative data on consumers to help them efficiently collect information for social and economic purposes,” TransUnion spokesperson David Blumberg said in an e-mailed statement. Blumberg declined to say how many Canadians have a credit score maintained by TransUnion.

“Statistics Canada’s access … has no impact on any individual’s credit score,” Blumberg said. “Statistics Canada is not reviewing the credit history of individual Canadians or performing credit checks on individual Canadians.”

TransUnion and Equifax Canada of Toronto are the two Canadian consumer credit bureaus. Equifax, which has data on about 27 million Canadian consumers, said it has neither been contacted by Statistics Canada nor has it provided StatCan with any data it controls.

By law, Statistics Canada is not obligated to inform individual Canadians whose personal information it obtains from credit bureaus nor is it required to obtain the consent of Canadians, a practice Canada’s privacy commissioner has urged the federal agency to change.


READ MORE:
Trudeau defends Statistics Canada move to collect banking info of 500,000 Canadians

Statistics Canada’s harvest of the personal information from credit bureaus has been discussed among the community of Canada’s privacy experts and advocates but the practice has had no Parliamentary scrutiny or little public discussion.

Canada’s privacy commissioner, Daniel Therrien, noted in his recent annual report to Parliament that Statistics Canada is increasingly using its statutory powers to obtain detailed data about Canadians from their mobile phone companies, utility providers and credit bureaus.

“We were concerned and felt many Canadians might be surprised to learn the government is collecting their information in this way and for this purpose,” privacy commissioner spokesman Corey Larocque told Global News last week. “We have emphasized the need for public transparency to the Agency.”

Peter Hope-Tindall, a Toronto-based privacy expert, discovered Statistics Canada had retrieved his credit report from TransUnion. He was told by the agency that it had not asked for his credit information specifically but had obtained all records on any Canadian consumer held by TransUnion.

In a letter to Hope-Tindall, Statistics Canada said, “by using administrative data sources such as TransUnion, Statistics Canada is able to improve data quality, meet new and ongoing information needs, reduce data collection costs and save time for Canadians who respond to our surveys.”

Statistics Canada said the credit information it obtained is aggregated and used for statistical purposes only. It also said all personal identifiers are stripped from its database.

READ MORE: Stats Canada requesting banking information of 500,000 Canadians without their knowledge

And yet, when Hope-Tindall filed a request under Canada’s Privacy Act to have Statistics Canada divulge any information it had about him, Statistics Canada was able to provide him with all the personal identifiers he was told had been stripped out of its database.

Federal Conservative Party leader Andrew Scheer said Tuesday there are “legitimate privacy concerns” with StatCan’s collection of personal banking information.

“It caught many, many Canadians by surprise,” Scheer said while speaking at the Toronto Real Estate Board’s annual meeting. “We have a government entity that is not just going to get a snapshots of the population, but specific transactional data about where you’ve been spending your money, what you’ve been putting on your credit card. I believe that is unacceptable.”

On Monday in the House of Commons, the federal Conservatives called on the Trudeau government to intervene at Statistics Canada to put a halt to the planned creation of a new real-time database that would contain the detailed financial transaction data for 500,000 randomly-selected Canadians. Statistics Canada plans to compel Canada’s nine largest financial institutions to begin handing over that information early in the new year.

As with the credit bureau project, none of those randomly-selected Canadians will have the opportunity to consent to having details about every purchase made with a debit or credit card, every ATM withdrawal, loan payments and other transaction transferred to Statistics Canada. Nor will any of them be informed that their data is being transferred to the agency.

“It just never occurred to me that [Statistics Canada] would go directly to our banks and seek our sensitive financial data without at the very least any notification to me let alone getting my consent,” said Ann Cavoukian, a former Ontario privacy commissioner, in an interview Monday. “So that lack of transparency, I think, is very problematic.”

The Canadian Bankers’ Association, which represents the country’s largest financial institutions, has indicated that it has concerns about the project and expected more discussion before Statistics Canada proceeded with the project.

On its Twitter account Tuesday, one of Canada’s largest banks, The Royal Bank of Canada, tried to assure a customer nervous about the project by saying, “we’ll only use [collected data] for the purposes listed in our client agreements. Before using info for a purpose not listed, we first obtain consent. No customer transaction data or other personal info has been transferred to Stats Canada.”

Prime Minister Justin Trudeau, in response to questions by Conservative MP Candice Bergen, defended the Statistics Canada project.

TransUnion of Canada is a subsidiary of TransUnion Inc. Chicago, which maintains a database of the credit scores of 1 billion consumers in more than 30 countries including Canada.

© 2018 Global News, a division of Corus Entertainment Inc.

[ad_2]

Source link

قالب وردپرس

Anglais

‘Business as usual’ for Dorel Industries after terminating go-private deal

Published

on

By

MONTREAL — Dorel Industries Inc. says it will continue to pursue its business strategy going forward after terminating an agreement to go private after discussions with shareholders.

« Moving ahead. Business as usual, » a spokesman for the company said in an email on Monday.

A group led by Cerberus Capital Management had previously agreed to buy outstanding shares of Dorel for $16 apiece, except for shares owned by the family that controls the company’s multiple-voting shares.

But Dorel chief executive Martin Schwartz said the Montreal-based maker of car seats, strollers, bicycles and home furniture pulled the plug on a deal on the eve of Tuesday’s special meeting after reviewing votes from shareholders.

“Independent shareholders have clearly expressed their confidence in Dorel’s future and the greater potential for Dorel as a public entity, » he said in a news release.

Dorel’s board of directors, with Martin Schwartz, Alan Schwartz, Jeffrey Schwartz and Jeff Segel recused, unanimously approved the deal’s termination upon the recommendation of a special committee.

The transaction required approval by two-thirds of the votes cast, and more than 50 per cent of the votes cast by non-family shareholders.

Schwartz said enhancing shareholder value remains a top priority while it stays focused on growing its brands, which include Schwinn and Mongoose bikes, Safety 1st-brand car seats and DHP Furniture.

Dorel said the move to end the go-private deal was mutual, despite the funds’ increased purchase price offer earlier this year.

It said there is no break fee applicable in this case.

Montreal-based investment firm Letko, Brosseau & Associates Inc. and San Diego’s Brandes Investment Partners LP, which together control more than 19 per cent of Dorel’s outstanding class B subordinate shares voiced their opposition to the amended offer, which was increased from the initial Nov. 2 offer of $14.50 per share.

« We believe that several minority shareholders shared our opinion, » said Letko vice-president Stephane Lebrun, during a phone interview.

« We are confident of the long-term potential of the company and we have confidence in the managers in place.”

Continue Reading

Anglais

Pandemic funds helping Montreal businesses build for a better tomorrow

Published

on

By

Many entrepreneurs have had to tap into government loans during the pandemic, at first just to survive, but now some are using the money to better prepare their businesses for the post-COVID future.

One of those businesses is Del Friscos, a popular family restaurant in Dollard-des-Ormeaux that, like many Montreal-area restaurants, has had to adapt from a sit-down establishment to one that takes orders online for takeout or delivery.

“It was hard going from totally in-house seating,” said Del Friscos co-owner Terry Konstas. “We didn’t have an in-house delivery system, which we quickly added. There were so many of our employees that were laid off that wanted to work so we adapted to a delivery system and added platforms like Uber and DoorDash.”

Helping them through the transition were emergency grants and low-interest loans from the federal and provincial governments, some of which are directly administered by PME MTL, a non-profit business-development organization established to assist the island’s small and medium-sized businesses.

Konstas said he had never even heard of PME MTL until a customer told him about them and when he got in touch, he discovered there were many government programs available to help his business get through the downturn and build for the future. “They’ve been very helpful right from day one,” said Konstas.

“We used some of the funds to catch up on our suppliers and our rents, the part that wasn’t covered from the federal side, and we used some of it for our new virtual concepts,” he said, referring to a virtual kitchen model which the restaurant has since adopted.

The virtual kitchen lets them create completely different menu items from the casual American Italian dishes that Del Friscos is known for and market them under different restaurant brand names. Under the Prasinó Soup & Salad banner, they sell healthy Greek options and their Stallone’s Sub Shop brand offers hearty sandwiches, yet the food from both is created in the same Del Friscos kitchen.

Continue Reading

Anglais

Downtown Montreal office, retail vacancies continue to rise

Published

on

By

Some of downtown Montreal’s key economic indicators are heading in the wrong direction.

Office and retail vacancies in the city’s central core continued to climb in the fourth quarter of 2020, according to a quarterly report released Thursday by the Urban Development Institute of Quebec and the Montréal Centre-Ville merchants association. The report, whose first edition was published in October, aims to paint a socio-economic picture of the downtown area.

The survey also found office space available for sublet had increased during the fourth quarter, which may foreshadow even more vacancies when leases expire. On the residential front, condo sales fell as new listings soared — a sign that the downtown area may be losing some of its appeal to homeowners.

“It’s impossible not to be preoccupied by the rapid increase in office vacancies,” Jean-Marc Fournier, the former Quebec politician who now heads the UDI, said Thursday in an interview.

Still, with COVID-19 vaccinations set to accelerate in the coming months, “the economic picture is bound to improve,” he said. “People will start returning downtown. It’s much too early to say the office market is going to disappear.”

Public health measures implemented since the start of the pandemic almost a year ago — such as caps on office capacity — have deprived downtown Montreal of more than 500,000 workers and students. A mere 4,163 university and CEGEP students attended in-person classes in the second quarter, the most recent period for which figures are available. Border closures and travel restrictions have also brought tourism to a standstill, hurting hotels and thousands of local businesses.

Seventy per cent of downtown workers carried out their professional activities at home more than three days a week during the fourth quarter, the report said, citing an online survey of 1,000 Montreal-area residents conducted last month.

Continue Reading

Chat

Anglais1 semaine ago

‘Business as usual’ for Dorel Industries after terminating go-private deal

Anglais1 semaine ago

Pandemic funds helping Montreal businesses build for a better tomorrow

Anglais1 semaine ago

Downtown Montreal office, retail vacancies continue to rise

Anglais1 semaine ago

Learjet, the private plane synonymous with the jet-set, nears end of runway

Anglais1 semaine ago

Brivia Group announces the construction of Phase 2 of LB9 rental condo project

Anglais1 semaine ago

With popcorn sales banned, some movie theatre owners say it’s not worth it to reopen

Actualités2 semaines ago

À partir de 2025, toutes les voitures de Jaguar seront 100 % électriques

Actualités2 semaines ago

Forte augmentation des demandes de remboursement de voyage

Actualités2 semaines ago

Le textile reste un fléau pour l’environnement malgré de nombreuses initiatives écologiques

Actualités2 semaines ago

L’Agence de mobilité durable et Jalon s’unissent

Actualités2 semaines ago

Un village à reconstruire au coeur de Pointe-aux-Trembles

Actualités2 semaines ago

Le centre-ville de Montréal continue de se vider

Actualités2 semaines ago

Recommandations de la Commission sur les locaux vacants La vitalité du secteur commercial au cœur des priorités de la Ville

Actualités2 semaines ago

Un cabinet d’avocats ne peut pas déduire les frais d’un mariage, dit la Cour

Actualités2 semaines ago

Financement pour deux entreprises de Dorval et Lachine

Actualités2 semaines ago

Les friperies observent une augmentation en popularité

Actualités1 mois ago

Logo du CF Montréal : quatre experts se prononcent

Actualités1 mois ago

De nouveaux logements sociaux pour les femmes autochtones à Montréal

Actualités1 mois ago

Invasion montréalaise !

Actualités1 mois ago

L’hôtel de ville de Sept-Îles pourrait être détruit

Anglais2 années ago

Body found after downtown Lethbridge apartment building fire, police investigating – Lethbridge

Styles De Vie2 années ago

Salon du chocolat 2018: les 5 temps forts

Anglais2 années ago

This B.C. woman’s recipe is one of the most popular of all time — and the story behind it is bananas

Anglais2 années ago

27 CP Rail cars derail near Lake Louise, Alta.

Anglais2 années ago

Man facing eviction from family home on Toronto Islands gets reprieve — for now

Santé Et Nutrition2 années ago

Gluten-Free Muffins

Santé Et Nutrition2 années ago

We Try Kin Euphorics and How to REALLY Get the Glow | Healthyish

Anglais2 années ago

Ontario’s Tories hope Ryan Gosling video will keep supporters from breaking up with the party

Anglais2 années ago

A photo taken on Toronto’s Corso Italia 49 years ago became a family legend. No one saw it — until now

Anglais2 années ago

Condo developer Thomas Liu — who collected millions but hasn’t built anything — loses court fight with Town of Ajax

Styles De Vie2 années ago

Renaud Capuçon, rédacteur en chef du Figaroscope

Anglais2 années ago

This couple shares a 335-square-foot micro condo on Queen St. — and loves it

Mode2 années ago

Paris : chez Cécile Roederer co-fondatrice de Smallable

Anglais2 années ago

Ontario Tories argue Trudeau’s carbon plan is ‘unconstitutional’

Styles De Vie2 années ago

Ford Ranger Raptor, le pick-up roule des mécaniques

Affaires2 années ago

Le Forex devient de plus en plus accessible aux débutants

Anglais2 années ago

100 years later, Montreal’s Black Watch regiment returns to Wallers, France

Technologie2 années ago

YouTube recommande de la pornographie juvénile, allègue un internaute

Anglais2 années ago

Trudeau government would reject Jason Kenney, taxpayers group in carbon tax court fight

Anglais2 années ago

Province’s push for private funding, additional stops puts Scarborough subway at risk of delays

Trending