Canadians top priority for 2025 is repaying debt, amid rising costs and high interest rates.

Canadians are prioritizing debt repayment for 2025, according to CIBC's Financial Priorities poll. Rising household costs and high interest rates are major concerns, with bill payments as the second priority. Despite 64% worrying about a potential recession, over half feel prepared for financial hardships. The poll also found that 28% took on more debt due to living costs, income gaps, and emergencies. The survey included 1,500 Canadians.

3 months ago
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