REPORT: How COVID-19 has impacted homebuying and the mortgage market in Canada

Decline in home purchases. Increase in mortgage renewals. Here’s what Canadians were up to during the lockdown.

Here’s why you should give your teenager a credit card

If my parents and educators had discussed credit with me when I was a teenager and allowed me to practise responsible use, I’d have felt more confident when the time came to sign up for my own card and begin building credit on my own. This is why I believe parents should commit to teaching their teens about the role of credit in our adult lives, which may involve giving them their own card to practise on.

Here’s why you should give your teenager a credit card

Parents can teach teens financial literacy by showing the role credit plays in adult lives. Here is how to introduce your teenager to credit cards and it includes giving them one of their own to practise on.

Jessica Vomiero

June 19, 2020

8-minute read

About the author

Jessica is the former Associate Editor for LowestRates.ca. Before joining the team, Jessica worked as a National Online Journalist with Globalnews.ca and previously spearheaded the launch of the Business Section at one of Canada's largest technology websites, MobileSyrup.

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