Repaying debt is the top financial priority for Canadians in 2025, with many also expressing concerns about inflation, rising living costs, and the possibility of a recession, a survey found.
The Ipsos poll, conducted for CIBC and released on Dec. 30, found that 17 percent of the 1,500 Canadians surveyed plan to focus on paying down debt, followed by 16 percent who aim to stay current with bill payments.
The survey also showed why many Canadians have accumulated more debt in recent months. The top reasons include the increased cost of living (44 percent), day-to-day expenses exceeding monthly income (29 percent), unexpected financial emergencies (21 percent), and loss of income (14 percent)….