Newcomers in Canada are feeling the pinch of cost-of-living challenges, and the situation is particularly severe in B.C., according to a new survey.
More than three out of five (61 per cent) B.C. newcomers say they don’t feel they have enough money to live comfortably, according to the Toronto-Dominion Bank (TSX:TD) survey released last week.
This is the highest among all regions of Canada.
An average of 56 per cent of surveyed newcomers reported feeling cost-of-living pressures compared with 44 per cent for the general Canadian population.
Muhammad Kara, associate vice-president of TD’s New To Canada program, said many B.C. newcomers come with strong educational and professional backgrounds, but adjusting
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