Business
Cheers, it's the holidays
Dec 7, 2012 / 10:23 pm
Canadians are expected to raise their glasses many times this holiday season with alcohol sales on track to set a record high this month and also for 2012, says a new report.
The average Canadian adult will spend more than $85 on booze in December, which translates to about one bottle of spirits, three bottles of wine and 27 bottles of beer, according to the BMO Holiday "Spirits" report.
"If the strength we've seen so far persists through the holiday season, then the industry is on track for a very strong and probably a record year," BMO economist Aaron Goertzen said Friday.
Annual alcohol sales in Canada are expected to top $19 billion this year, about 38 per cent or $700 million higher than in 2011, he said.
By comparison, the retail sector as a whole is usually up 15 per cent to 20 per cent from holiday shopping, the report said.
Sales of spirits, wine and beer typically surge in December, making it the highest volume sales month, Goertzen said from Toronto.
"So we're looking for a jump of around 40 per cent compared to the annual average as people are hosting get togethers and purchasing gifts for family and friends and enjoying the holiday spirit," he said.
That increase will be about the same as last December, he added.
The report also said Quebecers have shown the most pronounced increase in holiday spending on alcohol, with sales rising about 65 per cent above average in December.

Read more Business News
Today's Market
| S&P TSX | 12613.05 | +105.45 |
| S&P CDNX | 934.68 | +1.82 |
| DJIA | 15354.40 | +121.18 |
| Nasdaq | 3462.61 | +23.82 |
| S&P 500 | 1667.47 | +17.00 |
| Gold | 1361.00 | -26.10 |
| Lumber | 316.00 | -4.50 |
| Oil | 96.02 | +0.86 |
| Natural Gas | 4.058 | +0.126 |
| CDN Dollar | 0.9725 | N/A |
_
Okanagan Companies
| Sun Rype | 6.00 | 0.00 |
| Pacific Safety | 0.045 | +0.005 |
| Knighthawk | 0.02 | 0.00 |
| QHR Technologies Inc | 0.55 | -0.03 |
| Cantex | 0.015 | 0.00 |
| Anavex Life Sciences | 0.54 | +0.05 |
| Metalex Ventures | 0.075 | -0.005 |
| Russel Metals | 26.65 | -0.25 |
| Copper Mountain Mining | 1.52 | -0.16 |
| Colorado Resources | 1.48 | +0.46 |
| ReliaBrand Inc | 0.13 | 0.00 |
_
Tips for a stress-free summer moveThe majority of Canadians prefer to make their big move during the summer season. There are a variety of reasons for choosing this time of year: it is easier to transport boxes in non-icy condition...
Income properties for sustained recoveryIt appears as though more people these days are looking for an investment in real estate which offers cash flow returns. The fundamentals of cash flow type properties had been turned upsi...
Get in the LoopGetintheloop Marketing Ltd. recently launched their membership platform, Getintheloop.ca. The new website offers an exclusive members area for access to discounts in the South Okanagan on premium res...
_
- Sharktopus views turns on YouTube TV
- Social media makes Disney blink
- BCE looks to cut $170 million
- TD Bank: Loonie could fall to 90 cents US
- Mixed results for North American markets
- Ex-Enron CEO cuts new deal
- Canadian dollar nudges upward
- Microsoft extends agreement with Yahoo
- Iamgold profits drop 91 per cent in Q1
- Rogers puts pressure on Bell Astral deal
- Beer company roots for Canadian teams
- New milestone for Dow Jones

Showcase your business like no other marketing can and Join the growing number of businesses that get more customers.
Learn more here














