Many Canadians Preparing to Cut Back on Holiday Spending: Survey

A shopper checks a till receipt in Toronto's Fairview Mall as outlets participate in Black Friday sales, on Nov. 28, 2024. The Canadian Press/Chris Young

The rising cost of living is expected to put a chill on holiday spending this year.

A new survey by insolvency firm Harris & Partners released Tuesday shows most respondents are preparing for a more modest Christmas.