Nov. 18, 2013, Toronto — As the prime holiday shopping season
approaches, Canadians are remaining generous in spirit, while continuing
last year’s trend of tightening their belts as gift-givers.
Anticipated holiday spending has increased since this time last year,
according to a new survey conducted by Ipsos Reid on behalf of RBC,
although this is not driven by higher expected spending on gifts.
On
average, Canadians intend on spending approximately $1,192.50 on their
total holiday expenses, which is up about $10 from last year’s
anticipated spending amount of $1,181.80. While four in five Canadians
(80 per cent) plan on giving gifts this holiday season, the average
Canadian gift-giver expects to spend approximately $608.60 on gifts this
year, down $20 from last year.
Conversely, expected spending in
other non-gift areas, such as decorations, travel and clothing has risen
by $30. On average, Canadians anticipate spending approximately $583.90
on all non-gift holiday expenses, up from $553.30 in 2012.
The
online survey, conducted Oct. 1 to 9, polled 3,261 adults from Ipsos'
Canadian online panel. The poll is accurate to +/- 2 percentage points.
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