Canadians are increasingly focusing on their financial well-being amidst ongoing economic uncertainty, according to CIBC’s latest Financial Priorities Survey.
The top priority for Canadians in 2026 is tackling debt, with 16% aiming to reduce what they owe and another 16% concentrating on paying bills. Factors like rising inflation and living costs are steering these financial decisions.
Despite an overall optimism about future financial goals, short-term challenges are causing concerns for many Canadians. While 70% are confident in achieving their financial objectives this year, this figure has slightly dropped from 76% in the previous year. Additionally, only 55% feel ready to handle unexpected expenses or financial hurdles, down from 59% in 2025.
Carissa Lucreziano, CIBC’s vice-president of Financial Planning and Advice, emphasizes the importance of personalized guidance and proactive planning in creating a tailored financial strategy that instills confidence in achieving long-term goals.
Even amidst cautious sentiments, a significant portion of Canadians (43%) are planning to kickstart or increase their investments as part of their New Year’s resolutions, as revealed by the survey.
The survey results underline the balancing act Canadians are engaging in, as they navigate between financial discipline and long-term aspirations within a shifting economic environment.
For those seeking to solidify their financial roadmap for 2026, seeking advice from a financial advisor is recommended to effectively implement a plan that aligns with their ambitions.
