Thursday, September 18th16.1°C
23474
22916

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

21097


Recent Trending




Today's Market
S&P TSX15466.72+7.84
S&P CDNX964.36-8.15
DJIA17266.24109.39
Nasdaq4590.308+28.119
S&P 5002011.48+9.91
CDN Dollar0.9135+0.0057
Gold1226.60-9.30
Oil93.11-1.31
Lumber349.00+1.00
Natural Gas3.983-0.094

 
Okanagan Companies
Pacific Safety0.17+0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.32+0.07
Cantex0.060.00
Anavex Life Sciences0.2261-0.01
Metalex Ventures0.060.00
Russel Metals37.01+0.64
Copper Mountain Mining2.72-0.01
Colorado Resources0.16-0.01
ReliaBrand Inc0.024-0.003
Sunrise Resources Ltd0.02-0.005
Mission Ready Services0.295+0.005

 



23438

FEATURED Property
2068330#107 1055 Glenwood Avenue
2 bedrooms 2 baths
$134,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Executors and their duties

There will be a time when you will need to decide who you should appoint as executor of your Will. As well, there may be a time when you will be asked by someone to act as the executor of his or her W...


Power-save your way to a down payment

Part 1 of 2 Photo: Thinkstock.com1. Move in with your parents or in-laws Explain that you're thinking strategically in moving back home. The quickest way to get into the housing market is to ma...


Price Guarantees

Article written by Linda Bustos Though I’d never recommend “lowest prices” as a unique selling proposition, I notice many retailers use a Price Match Guarantee or even a 110% Guara...

_








Member of BC Press Council


22814