The Retail Council of Canada reports that 90% of Canadian consumers still plan to shop during the holiday season, despite growing financial pressures. Canadians are projected to spend an unprecedented $898 this holiday season, with more people being value-conscious in their choices. A holiday outlook by PwC also found that 76% of Canadians expect to spend the same amount or more this year compared to 2022.
The Retail Council of Canada, which represents retail businesses of all sizes, said that despite the growing financial pressures , 90 per cent of Canadian consumers still plan to shop during the holiday season . The group's annual holiday shopping survey projected Canadians will spend an unprecedented $898 this holiday season , even though more people will be proactively value-conscious in their choices. Similarly, a holiday outlook released by PricewaterhouseCoopers (PwC) International Ltd.
found 76 per cent of Canadians expect to spend the same amount or more this year as they did in 2022. Overall, each respondent expected to spend an average of $1,635 on gifts, travel, and entertainment, up 13 per cent from 2022
Retail Council Of Canada Canadian Consumers Holiday Season Financial Pressures Holiday Shopping Spending Value-Conscious Pwc
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