Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
The best credit cards for airport lounge access in Canada for 2023 Nov 4th
Spend
The best credit cards for airport lounge access in Canada for 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
Find my perfect card.... More »
China tries to reassure over economy at G20 meeting Feb 27th
SHANGHAI – China’s premier has tried to quell anxiety about his slowing economy as officials at a global finance meeting called for governments to speed up job-creating reforms to stimulate slackening growth.
In a video message Friday at the meeting of finance ministers and central banks.... More »
How Deferring Mortgage Payments Could Affect Your Credit Score + MORE Apr 14th
For the past few weeks, we’ve become accustomed to Prime Minister Trudeau’s daily update from Rideau Cottage in Ottawa. To help ease the economic impact of the COVID-19 pandemic, the government has put forward several measures intended to support those who have lost their jobs due to the outbre.... More »
Even Deutsche Bank is getting out of Russia - CNN + MORE Mar 12th
Even Deutsche Bank is getting out of Russia CNNDeutsche Bank faces criticism for remaining in Russia as others cut off links The Globe and MailDeutsche Bank refuses to pull all its Russia business CNBC TelevisionAll the Ways Banks Can Get Hit by Putin's War &nbs.... More »
Canadians collectively owe $1.8 trillion in household debt + MORE Mar 13th
TORONTO _ Canadians’ collective household debt has climbed to $1.8 trillion as an international financial group sounds an early warning that the country’s banking system is at risk from rising debt levels.
Equifax Canada says consumers now owe $1.821 trillion including mortgages as of th.... More »
Pro Post: Financial Challenges For Newcomers to Canada
– ratesupermarket.ca
A lack of credit and employment history can make it tough for newcomers to Canada to obtain a mortgage, credit card – even a bank account! Guest poster Pracheer Saran, who first moved to Canada from India five years ago, shares his experiences with getting new banking products, finding affordable housing, and adjusting to Canada’s high tax rate.
Starting Over in a New Country
It has been over five years since I immigrated to Toronto from India. As I look back, mixed feelings of naivety, accomplishment and learning overpower me. The learning curve has been an ongoing process for me – though I’ve long been in the habit of calculating the cost of dollars to rupees, which makes everything from coffee to renting an apartment seemingly expensive.
Although I am from Generation Y, having grown up along many world changing events like the development of technology and mass communications, I am still wary about adopting new concepts.
With no family here and with little guidance, my road to settlement in Canada has been mostly through trial and error…
