By Don Sutton on January 2, 2013

Canadians’ focus in 2013: paying down debt

By Don Sutton on January 2, 2013

Canadians big financial goal is paying down debt, not retirement.

This article is 12 years old. Some details may be outdated.

Canadians main financial priority in 2013 is paying down debt according to a CIBC poll. In the annual poll conducted by Harris/Decima for CIBC, it found that more of us are focused on paying down outstanding debts rather than on retirement planning or saving. The poll found that 17% of Canadians wish to pay down debt while only 7% of us feel that retirement planning is our main financial goal. Savings was the main focus for 10% of those polled while day to day budgeting was the goal of 8% of Canadians.