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

Child’s play at Westerner Days

Balloons bring out the child in everyone

‘Do Indians have property rights?’ Former Alberta chief’s land dispute in court

STANDOFF, Alta. — A dispute between two families over land on Canada’s… Continue reading

Missing female found near Sundre

Local rancher finds missing female

Buyers turn to letters to snag homes in Canada’s hot real estate markets

TORONTO — Monica Martins and her husband had been looking for a… Continue reading

WATCH: Gazebo groundbreaking in Waskasoo

Fifty per cent of the $100,000 project is funded by a provincial government grant

Second World War Two-era B-29 Superfortress named ‘Fifi’ lands for first-ever Canadian tour

MONTREAL — A rare Second World War-era bomber named “Fifi” has touched… Continue reading

Magnus Cort Nielsen wins Stage 15 of Tour de France

CARCASSONNE, France — Magnus Cort Nielsen of Denmark sprinted away from two… Continue reading

Ryan Reynolds teases ‘Deadpool 2’ extended cut at Comic-Con

SAN DIEGO — Ryan Reynolds has made a triumphant return to San… Continue reading

‘Wonder Woman,’ ‘Aquaman’ and ‘Shazam!” thrill Comic-Con

SAN DIEGO — Warner Bros. brought out all the stops Saturday at… Continue reading

All shell, no shock: Lobster prices strong, season picks up

PORTLAND, Maine — New England’s lobster industry faces big new challenges in… Continue reading

Woman killed in collision near Olds

A woman is dead after a collision west of Olds Saturday afternoon.… Continue reading

Evacuation numbers remain at nearly 1,000 as B.C. wildfires rage on

SUMMERLAND, B.C. — Officials in British Columbia’s Okanagan region hope that fire… Continue reading

Survivors recount deadly Missouri duck boat sinking

BRANSON, Mo. — “Grab the baby!” Those were the last words Tia… Continue reading

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