How will Canadians adjust their spending this holiday season?
October 31, 2024RCC and Leger survey looks at how consumers are adapting their shopping habits in the face of financial woes
Despite financial challenges, Canadians aren’t ready to call it a wrap on the holiday season.
According to the 2024 Holiday Shopping Survey by Retail Council of Canada (RCC) and Leger, Canadians are projected to spend an average of $972, an 8% increase from last year. Most of the holiday budget will go to clothing/accessories and food/alcohol (16% in each category), followed by toys and games (12%), restaurants (9%), and hobbies, books and music (9%).
