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NEW TD SURVEY REVEALS 76% OF NEWCOMERS POLLED FEAR MAKING FINANCIAL MISTAKES - PressReach

Summary by pressreach.com
From finances to business ownership, survey highlights opportunity to close critical information gap and help unlock greater newcomer financial confidence TORONTO, July 28, 2025 /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 succe…

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More than half of them had such problems, according to a survey conducted for TD Bank.

·Montreal, Canada
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A TD survey found that 76% of newcomers are afraid of making financial mistakes, but this figure is higher than 68% for the general population. 55% of newcomers surveyed report that they have had or are still having difficulty managing their finances since they arrived in Canada. The main obstacle would be understanding the country's financial system, as 51% of newcomers surveyed say very little or no understanding of how to invest money in Cana…

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pressreach.com broke the news in on Monday, July 28, 2025.
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