In Canada, credit scores range from 300 (just getting started) up to 900 points, which is the best score.
According to TransUnion, 650 is the magic middle number – a score above 650 will likely qualify you for a standard loan while a score under 650 will likely bring difficulty in receiving new credit.
Is 720 a good credit score in Canada?
A credit score of 641-680 is fair: You may qualify for that loan or credit card, but your rate will be relatively high. A credit score of 720-850 is excellent: At this level you get the best rates on credit cards, car loans, and home mortgages. Above 720 is generally considered a “perfect” score.
Photo in the article by “Genna’s Blog – Weebly”