While settlement research often focuses on employment, language, and credentials, credit access remains overlooked. Rising settlement costs and inflation highlight the urgency for evidence-based interventions.

Traditional risk assessment models overlook cultural differences in financial habits. Savings-focused newcomers with limited credit history are misclassified as high-risk, despite strong repayment behaviors. Alternative models could offer more accurate assessments.

Limited knowledge of Canada’s credit system leaves newcomers vulnerable to predatory practices. Expanding culturally relevant financial literacy programs can empower informed financial decisions.

While major banks advertise attractive credit products, they often offer lower credit limits and require additional documentation, highlighting a gap between marketing and actual implementation.

While major banks advertise attractive credit products, they often offer lower credit limits and require additional documentation, highlighting a gap between marketing and actual implementation.

Community networks provide critical financial guidance but also perpetuate outdated or incorrect information. Partnering with community leaders can deliver accurate, culturally sensitive financial education.

Financial programs prioritize career development over immediate settlement needs, creating a gap for essentials like housing deposits and transportation. Tailored financial products are needed for the settlement period.

Credit card providers' reliance on digital channels without personalized guidance creates significant accessibility barriers for newcomers, particularly when seeking entry-level credit-building tools.