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Most Canadian couples don't talk finances before tying the knot, survey says

The survey revealed millennials are more open to having the "money talk" before marriage.
One in five Canadians avoid finance conversations with their partners.

There are many reasons for divorce but finances are among the factors that lead couples to split.

A new study from PC Financial found that nearly 70 per cent of Canadians don't talk about money frequently before their nuptials. This contrasts with a strong majority of married Canadians who said they have conversations about finances with their spouses. 

Compared to older generations, millennials (25-34) are more open to having conversations about money with their soon-to-be spouses.

In fact, two in five millennials who are either married or engaged stated that they talked about money once a week before getting married. On the other hand, one in four Canadians, aged 55 to 64, said they rarely talked about money before tying the knot.

Overall, the study found that one in five Canadians avoid finance conversations with their partners.

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