Thursday, October 30th5.8°C
21625

Boxing Day will be big shopping day

 A new survey from the Bank of Montreal suggests 62 per cent of Canadians plan to shop on Boxing Day.

One-in-five, or 22 per cent, said they plan to shop for themselves, while 34 per cent said they will buy items for both themselves and others.

The bank said Alberta will see the most spending activity today, with 76 per cent of respondents saying they plan to buy Boxing Day bargains. Atlantic Canada is next at 72 per cent, followed by Ontario at 69 per cent.

Quebec is expected to see the lightest Boxing Day shopping, with just 36 per cent of respondents to the bank survey saying they plan to shop today.

The survey also found that men are more likely than woman to take advantage of Boxing Day sales at a rate of 66 per cent versus 58 per cent.

The bank's vice president said Wednesday many Canadians view Boxing Day as a shopping holiday on par with the U.S.'s Black Friday, which takes place the day after American Thanksgiving.

But Su McVey warned even bargain-priced purchases can strain the pocketbook if shoppers get carried away.

"Given that the majority of Canadians plan to spend during this period, it's essential that Boxing Day spending is accounted for in the overall household holiday spending budget and not treated as a financial afterthought," she said in a statement.

Overall, said the bank, Canadians plan to spend an average of $1,610 on the holidays this year while retailers rake in almost $60 billion.

The survey of 1,000 Canadians was conducted between Oct. 11 and 16.

The results are considered accurate plus or minus 3.1 per cent, 19 times out of 20.

The Canadian Press


Read more Business News

22831


Recent Trending




Today's Market
S&P TSX14456.31-71.261
S&P CDNX773.67-7.40
DJIA17054.1379.82
Nasdaq4532.324-16.902
S&P 5001979.61-2.69
CDN Dollar0.8938-0.0003
Gold1204.10-20.80
Oil80.83-1.13
Lumber324.70+3.10
Natural Gas3.715+0.066

 
Okanagan Companies
Pacific Safety0.12+0.02
Knighthawk0.01-0.005
QHR Technologies Inc1.15+0.02
Cantex0.06-0.01
Anavex Life Sciences0.18-0.012
Metalex Ventures0.03-0.005
Russel Metals32.26-0.31
Copper Mountain Mining1.96-0.06
Colorado Resources0.125-0.01
ReliaBrand Inc0.012-0.004
Sunrise Resources Ltd0.025+0.005
Mission Ready Services0.35-0.02

 





FEATURED Property
2061704#132, 2550 Hollywood Rd N
2 bedrooms 2 baths
$315,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Empty nesting: financial issues

Now that the children have ‘left the nest’, it is a good time to step back and take stock of your financial situation. Being on your own will probably cut household costs to some extent, b...


Keep your haunted home safe

Eerie sounds, spooky lights and Jack-o’-lanterns aglow—extra efforts at Halloween will keep visitors coming back for both tricks and treats. However, to keep the fun going, it’s imp...


What I learned in China

Photo: ContributedI will never be an expert on China. It is just too big, too complex and too old with layers of history and meaning that would take several lifetimes to unravel. As I said to my hosts...

_








Member of BC Press Council


22786