Canadians will spend more this holiday season than in either 2011 or 2012. This year’s BMO Holiday Spending Outlook (released in November) suggests that Canadian consumers plan to pay out 30 per cent more this Christmas than they did in 2011, averaging almost $2,000 per person for 2013.
Keep reading for a breakdown of Canadian consumer Christmas habits and to find out if your spending matches the BMO projections.
When it comes to gift spending by region, Ontario jumps out as the province where people project they will spend the most. (Check out the BMO report if you’re interested in other categories of holiday spending.)