New Canadians know more about establishing credit
Many newcomers have large amounts of investible assets; one study says only 27% receive financial advice
Banks begin marketing to newcomers before they have left their native countries
Daily living expenses higher than anticipated
Program includes preferred rate GIC
Website offers resources for newcomers moving to Canada and already in Canada
More workers needed to offset exodus of retiring boomers
Chinese immigrants can now open bank accounts before departing for Canada
Plan includes free everyday banking for one year
BMO, CIBC, Manulife and TD recognized for programs to assist recent immigrants