From Barriers to Breakthroughs:
Innovation in Credit Risk Assessment for Immigrants in Canada
The financial challenges newcomers face at different stages of their settlement in Canada highlight key barriers and opportunities for support as they build their credit and integrate into Canadian society.
On this page, we explore the different journeys of three personas representative of newcomers: Paula, a permanent resident; Oumarou, a temporary worker; and Muchen, an international student.
Paula's Journey: Permanent Resident
Meet Paula — a permanent resident in Canada. Paula is from Brazil and is 35 years old. She is fluent in Portuguese and proficient in English. She holds an MSc in Marketing, and is a Marketing Manager. She resides in Toronto, ON and is married with no children.
“I hope to grow my career, start a family and launch my business.”
Explore Paula’s journey by clicking the timestamps below.
Oumarou's Journey: Temporary Worker
Meet Oumarou — a temporary worker in Canada. Oumarou is from Cameroon and is 30 years old. He is fluent in English and French. He holds an MSc in Computer Science and is a Software Engineer. He resides in Montreal, QC and is single.
“I want to make Canada my home. First, I need a credit card and a car.”
Explore Oumarou’s journey by clicking the timestamps below.
Muchen's Journey: International Student
Meet Muchen — an international student in Canada. Muchen is from China and is 22 years old. He is fluent in Mandarin and proficient in English. He holds a Bachelor of Engineering and currently pursuing a Master’s of Science in Canada (self-financed). He resides in Vancouver, BC and is single.
“I need to move money to Canada for my studies and living costs. I'll need a bank account and a credit card.”
Explore Muchen’s journey by clicking the timestamps below.