January 1, 2020

Tackling debt Canadians’ top resolution for 2020: CIBC poll – BNNBloomberg.ca

For the 10th consecutive year, Canadians have voted getting out of debt as their top financial priority. A CIBC survey showed paying bills (18 percent) and growing wealth (13 percent) to be the next highest goals, with retirement savings being low on the list. More than a quarter of Canadians borrowed money in 2019, and over three in four said that paying off debts is more important than increasing savings. The poll also shows that a slight majority of Canadians is concerned about a recession in the new year.

“According to a poll, 21 per cent of Canadians put debt repayment as their top financial priority — the 10th straight year that has led the rankings.”

Read more: https://www.bnnbloomberg.ca/tackling-debt-canadians-top-resolution-for-2020-cibc-poll-1.1367594

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