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Nov 4, 2024 · Half of Canadians are spending less on travel during the 2023 holiday season than the year before. Canadians spent more on entertainment in 2021 compared to before the pandemic. The amounts Canadians spend on family and friends are almost back to pre-pandemic levels. Almost 2/3 of Canadian consumers say they like to show loyalty to Canadian brands.
- There are different estimates on how much Canadian holiday spending is. These estimates run from $792 to $1,841 for the 2021 holiday season.
- Most Canadians overspend during the holiday season. Only 2% of Canadians say they stick to their budget or spend less than planned.
- The statistics show that Canadian consumers prefer to shop Canadian brands, with 62% saying they want to be loyal to brands from Canada. 55% of Can...
- Millennials are likely to spend the most during the holiday season, while people from the greatest generations are likely to spend the least.
- In 2021, Canadians spent $669 on average on gifts. It was up from 2020 when Canadian gift spending was $630.
- Holiday shopping facts from 2020 predicted Canadian shoppers would spend an estimated $1,276 per person. (Western Union) At the same time, the typical American shopper would shell out nearly $1,300 by New Year’s Eve.
- According to the global average holiday spending (per person), Canada ranks third. (Western Union) The average US holiday shopper spent the most on food and gifts, followed by the consumers from the United Kingdom and Canada.
- Global holiday spending trends displayed that in November and December of 2020, online sales would reach US$189 billion. (Western Union) According to the Adobe Analytics Holiday Forecast from 2020, this figure represented a 33% year-over-year increase.
- 55% of Canadian millennials exceeded their holiday spending budgets in 2018. (Statista) Overall, holiday shopping season statistics revealed that the generation most likely to exceed their holiday spending budget in 2018 would be millennials.
Nov 14, 2024 · Holiday budgets are on the rise as Canadians plan to spend 32% more than last year with an average budget of $971 dedicated to gifts and holiday goods, the most significant increase since 2019. At the same time, nearly 90% are deal seeking this season as part of their holiday shopping strategy.
Nov 13, 2024 · How much consumers in Canada planned to spend on the holidays from 2019 to 2024 (in Canadian dollars) Premium Statistic Canadian spending during the holidays 2024, by generation
Canadian consumers plan to spend an average of $1,853 on gifts, travel and entertainment this holiday season, a 13% increase over last year. At the same time, their economic outlook is brightening as inflation and interest rates decline: 65% believe the economy will stabilize or improve over the coming months, up from 48% a year ago.
Nov 11, 2024 · On average, Canadians plan on spending almost $2,000 this holiday season, with the majority of the spending on travel ($1,802), followed by holiday gifts ($519) and entertaining, decorations, and ...
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Dec 20, 2023 · When Deloitte Canada surveyed consumers this fall, it found shoppers planned to cut their spending by 11 per cent this year for an average holiday bill of $1,347.
