Hello, I'd really like to grow this email list. If you enjoy this newsletter, it would mean the world to Jola and I if you encouraged one friend/fellow immigrant/colleague to subscribe…Very likely, the the only thing you will get in return is warm fuzzy feelings, and if I can attribute it to you, I’d personally send you a thank you email.
In this episode, I'm speaking with Lauren Mostowyk, Head of Integrated Marketing and Communications at Interac, about the company's recent survey on newcomers' financial experiences in Canada.
Asides from rebuilding social capital, one of the hardest things to rebuild as a newcomer is financial confidence. But I think the startling discovery for me here was that while 61% of newcomers feel financially confident when they arrive in Canada, that confidence is cut in half within one month.
And that's quite worrying. We get in folks who can contribute to the country's growth. And within 30 days, they start feeling like they're floundering, probably due to a combination of the typical grueling Canadian job hunt, the need to prove to a potential landlord that you can pay your rent, and the steady hum of everyday expenses.
As Lauren puts it, “We don't talk enough about how much of your happiness is driven by your financial confidence.”
In this conversation, Lauren and I talk about why Interac is best positioned to help newcomers in this regard. We also chat about:
Why financial education underpins everything else
Practical strategies for those preparing to move to Canada
The biggest financial barriers for newcomers
How Interac is helping reduce financial stress for newcomers
Official Links
✅ Connect with Lauren Mostowyk on LinkedIn
✅ Read about the Interac survey
✅ Check out the Credit Canada Butterfly App
✅ Find a job through ACCES Employment
One Ask
If you found this story helpful, please forward or share it to one immigrant out there.
Share this post