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When Canadians start taking advantage of a two-month tax break on Dec. 14, some small businesses say it will give them a much-needed holiday boost during a weak year for consumer spending. But ...
Nov 11, 2024 · The Bank of Montreal’s Real Financial Progress Index shows 79 per cent of Canadians are cutting back on holiday spending this year. It also says more than half are feeling financial anxiety over ...
Oct 17, 2023 · However, this decrease in spending is smaller than in the United States where a separate Deloitte survey found intention to cut 14% from holiday spending. But even Canadians’ decreased gifting will require some tightening of budgets with a quarter of respondents planning to delay travel plans and a similar share reducing grocery spending to pay for gifts.
Nov 16, 2023 · Half of Canadians (51 per cent) who holiday shopped in 2022 incurred credit card debt, NerdWallet’s annual survey published last week revealed. One in four, or 25 per cent, still have not paid ...
Dec 5, 2023 · A recent Angus Reid survey conducted for Vancouver-based fintech Spring Financial found that inflation and the rising cost of living has wreaked havoc on Canadians’ holiday spending plans. 58% of respondents said they were worried about money and finances. 76% said they are more likely to reduce their holiday spending budget due to rising living costs. 38% said they would not be able to ...
Oct 17, 2023 · According to the survey, average household spending will fall 11 per cent this year to $1,347. Other key findings include: Nearly half of Canadians (48%) intend to buy only what their family needs this season (vs. 41% in 2022). To pay for their holiday purchases, one in four consumers plan to postpone travel plans (24%) or cut back on their ...
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Oct 18, 2022 · A new report says holiday spending in Canada is expected to drop this year as inflation shrinks consumer buying power and economic uncertainty looms. In its 2022 Holiday Retail Outlook, Deloitte Canada says overall holiday spending is expected to fall 17 per cent to $1,520 per household as recessionary concerns and higher interest rates rein in ...
