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NEW TD SURVEY REVEALS 76% OF NEWCOMERS POLLED FEAR MAKING FINANCIAL MISTAKES
NEW TD SURVEY REVEALS 76% OF NEWCOMERS POLLED FEAR MAKING FINANCIAL MISTAKES Canada New...
About this update from Toronto-dominion Bank
[{"type":"text","content":"\n\n\n\n NEW TD SURVEY REVEALS 76% OF NEWCOMERS POLLED FEAR MAKING FINANCIAL MISTAKES\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n From finances to business ownership, survey highlights opportunity to close critical information gap and help unlock greater newcomer financial confidence\n \n\n\n\n\n TORONTO\n \n\n ,\n \n\n July 28, 2025\n \n\n /CNW/ - As Canada looks to encourage greater economic growth amid shifting economic and geopolitical forces, new research from TD reveals that many newcomers polled feel there is an information gap preventing them from achieving their financial goals and building a successful life in\n \n Canada\n \n . TD conducted surveys among both newcomers to Canada and the Canadian general population to uncover financial needs, barriers and opportunities.\n \n\n According to the survey, 55% of newcomers polled say it was/is difficult managing their finances since arriving in\n \n Canada\n \n . A key barrier is understanding Canada's financial system, which the survey revealed is a common challenge for all demographics, regardless of their age, income, country of origin or general financial literacy level.\n \n\n\n 38% of newcomers reported little to no understanding of the banking system in\n \n Canada\n \n and how to manage their money – compared to 25% of the general Canadian population.\n \n\n 51% of newcomers reported little to no understanding about investing money in\n \n Canada\n \n – compared to 35% of the general Canadian population.\n \n\n 41% of newcomers reported little to no understanding of the state of the Canadian economy – compared to 26% of the general Canadian population.\n \n\n\n \"Building a life in a new country can be both exciting and overwhelming. Newcomers face the pressure of adapting to a new way of life in\n \n Canada\n \n , while quickly getting on the right foot financially – from understanding banking products and services, to budgeting for living costs and future goals, while maintaining financial ties to family liv...