Posthaste: Canadians plan to tighten their belts after the holidays [Yahoo! Finance Canada]
Bank Of Montreal (BMO)
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Source: Yahoo! Finance Canada
Thirty per cent of us are looking to minimize spending in 2025 and 24 per cent are planning to change their big purchases due to the cost of living, according to Bank of Montreal's Real Financial Progress Index released on Tuesday. The cost of living also has 46 per cent of us rethinking our financial goals as well, a rise of four percentage points from a year ago. Canada's inflation rate appears to have stabilized around the Bank of Canada's goal of two per cent. Statistics Canada data released on Tuesday put the inflation rate at 1.9 per cent, so it has remained near the central bank's target since August. But many are bracing for potential difficulties ahead. The BMO survey said 21 per cent of Canadians plan to make their own financial goals for 2025, while 92 per cent of respondents already review their plan annually. “The new year marks a fresh start for self-reflection and improvement, and we want to empower Canadians to focus on building good habits and making real fin
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