Repaying Debt Top Financial Priority for Canadians in 2025: CIBC Poll

Repaying Debt Top Financial Priority for Canadians in 2025: CIBC Poll
A magnifying glass enlarges the holographic image of Parliament Hill's Peace Tower on a 20 dollar bill issued by the Bank of Canada, shown in a display case at the Bank of Canada Museum in Ottawa, on Sept. 4, 2024. The Canadian Press/Justin Tang
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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.