Canadians are stepping up efforts to get their finances in order as economic uncertainty continues to weigh on households, according to CIBC’s annual Financial Priorities Survey.
Paying down or eliminating debt remains the top goal for 2026, with 16 per cent of Canadians focused on reducing what they owe and another 16 per cent prioritizing paying bills. Rising inflation and the cost of living are cited as key drivers behind these financial decisions.
“While confidence in future financial goals remains high, it’s clear that Canadians are feeling short-term pressures on managing cash flow and monthly expenses,” said Carissa Lucreziano, vice-president, Financial Planning and Advice, CIBC.
While 70 per cent of Canadians say they are confident they will meet their financial goals in the year ahead, optimism has dipped slightly from 76 per cent last year. Similarly, 55 per cent feel prepared for unexpected expenses or financial challenges, down from 59 per cent in 2025.
“Personalized advice and proactive planning can have a real impact on structuring a plan that is tailored to your current situation and can give you confidence that you and your family will achieve long-term goals,” added Lucreziano.
Despite the caution, many Canadians are still looking to grow their wealth. Nearly half (43 per cent) plan to start or increase investments as part of a New Year’s resolution, the survey found.
The results highlight a cautious but determined approach as Canadians balance financial discipline with long-term goals in a changing economic landscape.
“Whether you’re confident in achieving your financial goals in 2026 or have questions about your financial outlook, working with an advisor can help you implement a plan to achieve your ambitions,” said Lucreziano.
