Canada’s trade deficit has hit a record high, according to Stats Canada numbers for July. What does the increase, which is due to a weakening export industry and U.S. trade relations, mean for Canadians and the overall economy?
If you’re new to Canada, your economic challenges can extend beyond getting a mortgage or credit card. Learning the ins and outs of Canada’s financial system – and how to thrive in it – can take time. Many of the big banks have financial literacy programs for newcomers that include perks such as initial free banking. Also be sure to check out programs at the community level for assistance in setting up a small business, and more.