Canadians expected to spend less money this holiday season

By on October 6, 2019

by News Staff Posted Nov 22, 2012 3:56 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email holiday season|spending Canadians expected to spend less money this holiday season TORONTO, Ont — Canadians might be spending a little less money this holiday season according to a Capital One and Credit Canada Debt Solutions report released, Thursday. While some Canadians will be storming the malls and lining up to make their holiday purchases, most will be cutting back. Women are more likely than men to buy fewer and less expensive gifts this holiday season. The RBC Canadian Consumer Outlook agrees with the findings in the report and believes Canucks will spend six-percent less than they did last year. The Bank of Montreal’s holiday outlook projected on average a 15-percent increase in holiday spending compared to last year. Deloitte has also projected a more modest increase. The final numbers illustrating how much Canadians spent during the holiday season will be released in January.   read more

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