Paying down debt remains top financial priority of Canadians: poll

Paying down debt remains the top financial priority of Canadians, although a new poll says slightly fewer have made it their top pick compared with the previous two years. The poll, conducted for CIBC (TSX:CM) by Harris/Decima, found that overall 16 per cent of respondents said lowering debt was their No. 1 priority for 2014.

TORONTO — Paying down debt remains the top financial priority of Canadians, although a new poll says slightly fewer have made it their top pick compared with the previous two years.

The poll, conducted for CIBC (TSX:CM) by Harris/Decima, found that overall 16 per cent of respondents said lowering debt was their No. 1 priority for 2014.

That was down one percentage point from 17 per cent in 2013 and in 2012.

However, it was five percentage points better than the 11 per cent who said they would focus on building savings, up slightly from 10 per cent over the last several years.

Next in order of importance were managing day-to-day spending and getting current bills paid, both selected by eight per cent of respondents.

Retirement planning was the top focus of seven per cent of those surveyed, the same as last year but down from 11 per cent in 2012.

“For the fourth year in a row, Canadians have told us their top financial priority is paying down their debt as we enter a new year,” said Christina Kramer, executive vice-president, retail distribution and channel strategy at CIBC.

Just Posted

Blackfalds firefighter battling cancer

A volunteer firefighter in Blackfalds for 15 years, Dave Sutherland now battling… Continue reading

Red Deer transit users are concerned about the future

But recreation centre users are glad facility hours were maintained

Community cardiac awareness dinner and show to be held

Continued focus to bring cardiac catheterization lab to Red Deer

Red Deer businesses react to 2.02 per cent tax increase for 2018

Chamber would prefer zero increase, while DBA thinks it’s reasonable

Bring on the rodeo says Red Deer County mayor

Canadian Finals Rodeo’s move to Red Deer good for whole region, says Red Deer County Mayor Jim Wood

WATCH news on the go: Replay Red Deer Jan. 21

Watch news highlights from Red Deer and Central Alberta

RDC chosen to host 2019 men’s volleyball national championship

Sports enthusiasts in Red Deer will have more to look forward to… Continue reading

Police is still looking for Second World War army passport owner

No one has claimed a rare Second World War German army passport… Continue reading

DJ Sabatoge and TR3 Band kick off Sylvan Lake’s Winterfest 2018

Central Alberta’s youngest DJ will open for TR3 Band kicking off Town… Continue reading

Two Canadians, two Americans abducted in Nigeria are freed

Kidnapping for ransom is common in Nigeria, especially on the Kaduna to Abuja highway

WATCH news on the go: Replay Red Deer Jan. 21

Watch news highlights from Red Deer and Central Alberta

Liberals quietly tap experts to write new paternity leave rules

Ideas include creating an entirely new leave benefit similar to one that exists in Quebec

Insurers say Canadian weather getting hotter, wetter and weirder

Average number of days with heavy rain or snow across Canada has been outside norm since spring 2013

Are you ready for some wrestling? WWE’s ‘Raw’ marks 25 years

WWE flagship show is set to mark its 25th anniversary on Monday

Most Read


Five-day delivery plus unlimited digital access for $185 for 260 issues (must live in delivery area to qualify) Unlimited Digital Access 99 cents for the first four weeks and then only $15 per month Five-day delivery plus unlimited digital access for $15 a month