Canadians plan to spend more this holiday season: Survey
BNN Bloomberg
A Retail Council of Canada survey says Canadians are planning to spend more this holiday season as they prepare to return to stores in greater numbers a year after the COVID-19 pandemic prompted many to shop online.
TORONTO -- A Retail Council of Canada survey says Canadians are planning to spend more this holiday season as they prepare to return to stores in greater numbers a year after the COVID-19 pandemic prompted many to shop online.
British Columbians plan to be the country's big spenders, shelling out $958, well above the national average of $792 that is up 14 per cent from last year.
Quebecers plan to spend the least at $565, while Albertans and Ontarians expect to spend $869 and $863, respectively.
Store owners are hoping for even better results since actual spending in the past has exceeded spending intentions.
The online survey of 2,500 Canadians found that product availability, selection and delivery times are prompting more to get an earlier start to holiday shopping with 36 per cent expecting to begin in November.
Black Friday, Cyber Monday and Boxing Day are expected to be a little more popular this year while 63 per cent anticipate shopping in stores, up from 58 per cent in 2020. Online purchases are forecast to slip to 37 per cent from 42 per cent last year but up from 28 per cent pre-pandemic in 2019.
