Over half of Canadians plan to spend less on Christmas plans: Survey

Over half of Canadians say they will be spending less on their Christmas plans this year, according to a survey by Angus Reid Institute.

In a report released Monday, it found 56 per cent of respondents will be cutting back on Christmas spending, in areas like presents, decorations and entertaining.

“Half say they are financially worse off now than they were at this time last year, the highest level seen in ARI’s [Angus Reid Institute] tracking dating back to 2010,” the report said.

“Few (13 per cent) have seen their financial picture brighten in the last 12 months.”