Ajit Pandit

Canada credit scores usually range from 300 to 900, and newcomers start with no history because bureaus record only credit activity inside Canada.
The fastest path is opening a credit card, paying every bill on time, and using only a small share of the available limit.
A secured card can help first-time borrowers: you leave a deposit, often a few hundred dollars or more, and recover it after closing.
Best habits include on-time payments, keeping usage below ~30%, preserving older no-fee accounts, limiting clustered applications, and adding credit types carefully over time.
Checking your own report is free and score-safe, so regular reviews can help you catch errors, suspicious accounts, and place fraud alerts quickly.

Build a Stronger Credit Score in Canada

Ahead of the central bank's recent decision, economists were split: 19 of 34 in a poll expected a quarter-point increase to ~2.5%.
Support for a hike grew after the governor signaled high oil prices could lift inflation forecasts and make price pressures broader, more persistent.
Canada's annual inflation reached ~3% in Late-Q3, while preferred core measures stayed below <2%, and business and consumer inflation expectations moved higher.
Economists favoring patience pointed to softer employment, weak housing, limited spillover from energy costs into core inflation, and uncertainty around Canada-US trade.
Some forecasters also said higher bond yields were already lifting mortgage rates, while one outlook saw another hike in Late-Q4 toward ~2.75%.