One of your first priorities as new immigrant will be opening a Canadian banking account. Here's my experience and what I have learned from it.
Canada is officially in recession.
The economy shrank in the second quarter of 2015, making it the second quarterly contraction in a row. Gross domestic product in Canada fell at a 0.5% annualized rate in the quarter. In the first quarter the economy shrank by 0.8%.
The drop in oil prices that began more than a year ago has been hard on the net oil-exporting nation.
The Canadian dollar — aka the loonie — is at its lowest since 2004, trading at around $1.33 per US dollar on Monday.
By Deirdre Levinson » Your early days (or weeks and months) in Canada can be extremely trying from a financial perspective. It is even more so if your rainy day cash reserves are low and you either haven't found a job or are working for really low wages.