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Canadians Plan on Spending Less This Holiday Season, Survey Shows

Started by Epoch-Times-Bot, Oct 24, 2022, 05:00 PM

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Epoch-Times-Bot

Canadians Plan on Spending Less This Holiday Season, Survey Shows

Canadians expect the economy to worsen in 2023 and plan to spend less this holiday season, according to a new poll.
The survey by Deloitte, a consulting, financial, and risk advisory firm, says Canadians are "skeptical, concerned, and craving attention" coming into the first Christmas season without any lockdowns or restrictions in a couple of years.
Although more people will be hosting formal holiday meals this year, Deloitte predicts average holiday spending to fall 17 percent this year to $1,520. The most significant spending decreases are expected in non-gift electronics, travel, and non-gift clothing.
With inflation and elevated interest rates, 40 percent of Canadians have seen their household finances worsen this year....

Source: Canadians Plan on Spending Less This Holiday Season, Survey Shows

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