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Canadians Are Feeling Less Squeezed — But Fraud Is Rewriting How We Manage Credit

  New data from TransUnion's Q2 2026 Canada Consumer Pulse Study, released July 22, 2026 There's a small but real shift happening in Canadian households right now. After years of headlines about affordability and inflation, a new survey suggests things are slightly less bleak — but Canadians aren't relaxing. They're getting more careful, and increasingly, more worried about fraud than about their credit score. TransUnion's newest Consumer Pulse Study, out today, paints a picture of a country cautiously exhaling — while quietly tightening the locks on its financial front door. The Good News: A Little More Breathing Room For the first time in a while, the numbers aren't all doom. Roughly a quarter of Canadians surveyed said their household income rose over the past three months, and nearly one in four say their finances are running better than they expected this year — the best reading TransUnion has recorded in the past 12 months. Optimism is edging up too: 45% ...
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Toyota Apologizes for Cheating on Vehicle Testing and Suspends Production of Three Models

 

Toyota Chairman Akio Toyoda has issued a public apology for extensive cheating on certification tests involving seven vehicle models. As a result, the automaker has suspended production of three affected models in Japan: the Corolla Fielder, Corolla Axio, and Yaris Cross. The wide-ranging faulty testing at Japan’s top automaker included several issues:

  1. Inadequate or Outdated Data: The testing process involved the use of inadequate or outdated data in collision tests.
  2. Airbag Inflation and Rear-Seat Damage: Incorrect testing procedures were applied to airbag inflation and rear-seat damage in crashes.
  3. Falsified Engine Power Tests: Engine power tests were found to have been falsified.

Despite these irregularities, Toyota emphasizes that the safety of vehicles already on the roads, including the Corolla subcompact and Lexus luxury vehicles, remains unaffected. The company’s apology reflects its commitment to maintaining high standards and rectifying any lapses in quality assurance.

The Japanese government initiated an investigation into Toyota’s practices in January, leading to the recent revelations. Interestingly, Toyota’s overseas production is not implicated in these issues. However, Japanese rival Mazda Motor Corp. also reported similar irregular certification testing and halted production of two models: the Roadster and Mazda . Mazda attributed its problems to incorrect engine control software used during testing.

Honda Motor Co., another major Japanese automaker, also apologized for improper tests on noise levels and torque. These tests affected a range of models, including the Accord, Odyssey, and Fit, although the safety of these vehicles remains intact.

The recent challenges faced by Toyota and other automakers underscore the importance of rigorous testing and quality control. As the industry evolves, automakers must continue to prioritize safety and transparency, ensuring that their vehicles meet the highest standards for consumers worldwide.


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