EP260 Banking for Newcomers to Canada with Tracy Gomes, SVP Scotiabank

Throughout the pandemic, immigration plateaued in Canada. However, as we continue to rebuild after the last few years, we have seen a huge influx of newcomers. To better understand the experiences of newcomers and the unique challenges they face as they begin their lives in Canada, Scotiabank conducted interviews with some of these newcomers. In this episode, Tracy Gomes, SVP Retail Customer Value at Scotiabank, will be sharing what they learned from this research and sharing her advice for anyone hoping to improve their banking skills as they live in Canada.

Listen in as Tracy describes the top challenges that newcomers experience when they move to Canada, as well as how to build up your financial literacy. You will learn the importance of protecting yourself from fraud, why you should reach out for help if you need it, and the benefit of learning how credit products work.

“Moving to a new country presents all kinds of challenges and worries, and getting set up financially can be one of the most significant.” – Tracy Gomes

This Week on Young Money:

• Challenges that newcomers to Canada experience.
• The benefit of building up your credit score.
• Why being aware of fraud is crucial.
• The importance of making banking easier for everyone.
• The value in having financial literacy provided to everyone.

Key takeaways:

• Build up your financial literacy.
• Learn how credit products work.
• Build up credit.
• Beware of fraud.
• Get access to online banking.

Connect with Tracy:

• LinkedIn

Resources Mentioned:

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