Banks Compete for Business of New Immigrants

Rita Trichur, 28 December 2007Bank of Montreal snagged new immigrant Jun Yuan as a client even before the Chinese shipping agent set foot in Canada.Like other savvy newcomers, 35-year-old Yuan wanted to avoid the hassle of waiting to open a new account and began shopping around for a Canadian bank while still in his native city of Shanghai."After a comparison, I chose Bank of Montreal," said Yuan