11 Nov 2011

Canadian households expect to spend nearly $700 each for holidays

A new survey details how much Canadians expect to spend when they're out purchasing gifts for their friends and family members this holiday season.

Conducted by polling company Groupe Atlus on behalf of the Retail Council of Quebec, Canadian households expect to spend an average of $673 this year, slightly more than the $672 households projected they would spend on average last year.

The survey also queried respondents about when they planned on making their holiday purchases. At 22 percent, a considerable number had already begun shopping, starting in October or earlier, 34 percent said they would start in November and 35 percent said they'd wait until December.

In addition to when and how much Canadians will spend for Christmas and Hanukkah, the survey also asked respondents about how many people they planned to buy for. Mirroring last year, Canadians anticipate buying gifts for approximately seven people.

As Canadians receive new belongings, they may want to transfer their old valuables to storage for the time being, as clutter tends to rise around the holidays.

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