In its annual Monetary Priorities ballot, CIBC discovered Canadians proceed to see rising prices for family items and excessive rates of interest as their greatest monetary issues.
Maintaining with invoice funds is the second greatest precedence for respondents.
CIBC says nearly two-thirds of Canadians are anxious about the potential for a recession, nevertheless greater than half of ballot respondents really feel they’re ready to climate an surprising monetary hardship.
CIBC says 28% of respondents took on extra debt up to now 12 months, with the highest causes being the price of residing, every day bills outstripping revenue and monetary emergencies.
The findings are from a web-based Ipsos ballot performed for CIBC between Nov. 27 and Dec. 2 utilizing a pattern of 1,500 Canadians from an current Ipsos panel.
This report by The Canadian Press was first revealed Dec. 30, 2024.
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2025 BOS survey cibc debt monetary stress statistics The Canadian Press
Final modified: December 30, 2024