Fewer Canadians expect to achieve current financial goals: poll

TORONTO – A survey conducted for CIBC finds 65 per cent of Canadians ended 2014 feeling confident about reaching their current financial goals.

But that result, from the poll conducted by Nielsen, is down from 76 per cent in the same survey at the end of 2013 and is the lowest figure in five years.

Respondents aged 45-54 were the least confident, with only 58 per cent feeling upbeat about their financial goals, down from 77 per cent the before.

Only 61 per cent of Canadians aged 55-64 were confident about their current financial goals, down from 74 per cent in the most recent survey.

By comparison, 75 per cent of Canadians aged 25-44 said they are confident of achieving their financial goals, relatively unchanged from a year earlier.

CIBC also said 63 per cent of Canadians said they feel positive about their current financial situation, down from 70 per cent in survey a year earlier.