2 in 5 Canadians Cutting Back on Holiday Gift Spending: Survey

2 in 5 Canadians Cutting Back on Holiday Gift Spending: Survey
Shoppers track down Black Friday deals at the Eaton Centre in Toronto on Nov.24, 2023. The Canadian Press/Chris Young
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With Black Friday and Christmas approaching, a new survey says 2 in 5 Canadians plan to cut back on holiday gift spending this year.

Of 1,013 Canadians surveyed, 42 percent say they will spend less this holiday season, while 23 percent plan to spend more, and 28 percent will keep their budget unchanged. The survey was commissioned by marketing platform Omnisend and published on Nov. 20.