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As inflation runs hot, Canadians plan to cool spending on holiday gifts: poll

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‘Tis the season to spend less and worry. That’s how many Canadians are feeling ahead of the winter holidays this year as they grapple with high inflation and soaring interest rates.

In a new Ipsos poll done exclusively for Global News and released Monday, 30 per cent of Canadians said they will rein in their gift shopping this holiday season and spend less compared with previous years. However, 52 per cent of people said they anticipated spending about the same as before. Forty-five per cent of Canadians expressed concern that they don't have enough money to spend on holiday gifts.

Inflationary pressures that have made it difficult for Canadians to buy groceries and property and pay for gas are now also affecting how people celebrate the holidays with their loved ones this year, Ipsos Public Affairs CEO Darrell Bricker said.

For more info, please go to https://globalnews.ca/news/9253154/holiday-spending-inflation-ipsos-poll/

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Category
U.S. & Canada
Tags
global news, holiday spending, consumer
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