A survey by the Retail Council of Canada shows that Atlantic Canadians plan to spend more on holiday shopping this year than any other region in the country.
The council wanted to know more about the holiday shopping habits of Canadians and found that people in Newfoundland and Labrador and Maritimes plan to spend an average of $1,100 each.
That’s interesting given the cost pressures facing everybody with interest rates rising and people having trouble, sometimes, affording the basics.
Jim Cormier, Atlantic Director of the Retail Council, says it’s amazing how early people decide to get out and start their Christmas shopping.
The Leger survey found Ontario to be very closely behind Atlantic Canada concerning spending intentions with Quebec, which is usually near the bottom, also moving up this time. He calls the findings good news for the economy.