Credit Cards and David Williamson

David Williamson: David Williamson, CIBCs head of retail and business banking, says new Canadians are an obvious growth area for the countrys fifth-largest lender, according to 660 News. One of the difficulties new Canadians face in obtaining credit at major banks is their lack of Canadian credit history, a factor in assessing whether they can repay debt and sees a long-term reward in wooing new Canadians with small-balance credit cards, saying it hopes to win their business in future as investment and mortgage clients. A lot of folks coming in are of solid credit standard. They re coming in to work here or to invest here, so we re looking to more than just participate in that space, Williamson told analysts on a call Thursday following the banks latest earnings release. (www.immigrantscanada.com). As reported in the news.