Holiday shopping: How much will you spend?
- December 17, 2010 10:40 AM |
- By POV
Canadians are bouncing back from their cautious holiday shopping of 2008 and 2009 with plans to boost spending by 8.6 per cent this year, a new survey suggests.
Canadian adults plan to spend $968 each on Christmas gifts and other holiday outlays this year, up from $891 in 2009 and $884 in 2008, the Bank of Nova Scotia said Thursday. The figures are based on a Harris/Decima online survey.
The figure is much higher than the $600 reported by two other recent surveys, which predicted a six per cent increase.
The survey found that about two-thirds of the total spending is for gifts and one-third for other seasonal purchases.
Seasonal spending is predicted to range from a high of $1,388 in Alberta to a low of $766 in Quebec.
Harris/Decima did 1,001 online surveys from a random sample of its panel members between Oct. 25 and Nov. 2. Because it is based on an online survey, the bank's report does not provide margins of error.
Read more.
How much do you plan to spend this holiday season? Is your shopping budget more or less than last year? Let us know in the comments below.
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