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TORONTO — A new report from CIBC says about half of Canadians aren’t taking sufficient steps to stay on top of their financial priorities in the coming year.

A poll conducted this month for the Toronto-based bank found that 48 per cent of respondents didn’t plan to cut back spending on non-essential items in order to meet goals that include eliminating debt, keeping up with bills and growing their investments.

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Coming in at 28 per cent, debt repayment was the top financial priority of those surveyed — with the vast majority saying their biggest concerns were credit cards and lines of credit.

Among those who incurred new debt over the past 12 months, almost one-third of those surveyed said the primary reason for overspending was day-to-day expenses beyond their monthly income.