Canadians to shell out an average of $1,447 on holiday spending: poll
Last Updated: Friday, December 14, 2007 | 11:08 AM ET
CBC News
Consumers say they'll be digging a little deeper this season, spending an average of $1,447 on holiday expenses, according to a poll by the Retail Council of Canada.
In 2006, consumers said they expected to spend $1,310 on holiday gifts, travel, decorations and entertainment.
The poll, which surveyed 2,600 participants from Nov. 27 to Nov. 30, found that 94 per cent of Canadians planned on giving gifts, budgeting an average of $733. British Columbians planned to spend the most on presents at $950 while Quebecers expected to spend the least at $552.
The poll found men will spend an average of $791 on Christmas shopping, compared to the average of $682 spent by women.
The survey also found 97 per cent of shoppers planned to rely on bricks and mortar stores. The number of shoppers who planned to do some shopping online has increased to 43 per cent, up five per cent from last year.
About 29 per cent of Canadians planned to buy cash-loaded gift cards, representing a jump of 10 per cent over the past two years, according to the poll.
Corrections and Clarifications
- Canadian consumers say they'll be spending an average of $1,447 on all holiday expenses this season, not just on gifts as originally reported. Dec. 14, 2007|11:30 a.m. ET
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