A new CIBC poll finds 65 per cent of Canadians are prioritizing saving over spending this summer. Nearly 8 in 10, or 79 per cent, are changing their spending habits due to rising everyday expenses. While 39 per cent plan to travel, 69 per cent of those trips will stay within Canada, and 32 per cent say rising costs make them less likely to travel. The poll also shows 69 per cent feel financially prepared for the season, and 66 per cent prefer spending on experiences over physical items. The survey was conducted by Ipsos among 1,500 Canadians between May 10 and May 15, 2026.
Canadian Imperial Bank Of CommerceThe poll shows cautious consumer spending, which may reduce loan demand and credit card usage, but CIBC is the poll sponsor and not directly impacted.