The bank’s latest poll on retirement savings shows the number of B.C. residents planning to make a contribution this year has dipped to 60 per cent, down three per cent compared to 2012.
The shift pushes the province to fifth place from second, overall.
A 65-per-cent savings rate is anticipated across the Prairies, and the rate is 63 per cent in Ontario.
The CIBC poll also notes that while most people say they will make a retirement contribution, few follow through on that pledge, with the most common reason being a lack of available cash.
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