Canadian consumers looking to shrink down debt next year: Poll

Be it credit cards, lines of credit or mortgages, Canadians are determined to pay down debt in 2025.

That’s the number one priority for Canucks according to a new Ipsos poll conducted for the Canadian Imperial Bank of Commerce.

Also weighing on our minds – the rising costs of household goods, high interest rates and keeping up with the bills.

While roughly two-thirds of the 15-hundred people polled are worried about a recession in 2025 – half say they are prepared for any financial hardships.


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