Survey finds immigrants in Canada losing financial confidence

 

 

A survey finds immigrants in Canada losing financial confidence. The study was conducted by Interac Corporation.

61 percent of immigrants arrive in Canada confident that they can secure a better financial future. However, the survey says that their confidence has decreased by 31 percent within a month of settling in. 80 percent of those surveyed say they are facing significant financial difficulties. They are struggling to adapt to the new economic situation. In addition, low salaries and lack of housing facilities are eroding their confidence. Various agencies are coming up with training programs for such people. Saskatoon is offering a program for immigrants through World System Builder. This is a financial literacy campaign targeting new immigrants.