Owe, owe, owe: Where Canadians rank on wish lists and holiday spending

A seasonal graph from Amanda Shendruk

by Amanda Shendruk

It’s Black Friday!

Though it has traditionally been an American “holiday,” during the past few years Canadian retailers have jumped on the discount day. And apparently we don’t mind: A recent CIBC poll conducted by Harris/Decima suggested that 9 per cent of Canadians plan to take advantage of the shopping savings.

Many Canadians will take advantage of the weekend discounts to get their Christmas shopping done—all $674 worth of gifts. That’s right, this year’s Bank of Montreal Christmas spending survey suggests we plan to drop almost $100 more than last year on presents (when each person shed $583 for their loved ones).

Despite worries about an upcoming fiscal cliff-induced recession, both Canadians and Americans plan to increase their Christmas spending. But what about the rest of the Western world?

 




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Owe, owe, owe: Where Canadians rank on wish lists and holiday spending

  1. After the Pope blew Xmas out of the water too….

  2. Your poll shows it isn’t necessarily so. The average Canadian household has far too much debt, HST has take a large chunk out of disposable income this year and most private sector workers haven’t seen raises in years. Increase Christmas spending? Not likely.

  3. Me, its all about ME.
    Everybody else gets a hug and a Merry Christmas and that’s it.

  4. The Bank of Montreal is spewing propaganda.

  5. People in the Netherlands share gifts at St.Nicholas’ Eve (December 5) and don’t consider that Christmas spending. That explains their low ranking.

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