Canadian consumers looking to shrink down debt next year

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.

– with files from Vista Radio newswire