Canadian holiday budgets bursting

Across the country, 20% of shoppers say they’ll likely blow their budgets this holiday season, a CIBC poll finds.

By Staff | December 20, 2013 | Last updated on December 20, 2013

1 min read

Across the country, 20% of shoppers say they’ll likely blow their budgets this holiday season, a CIBC poll finds.

Manitobans and those in Saskatchewan are the biggest spendthrifts, with 27% saying their budget is going up in smoke like a Yule log. Albertans are the most likely to stick to their budgets, with only 14% saying they’re on course to overspend this year.

Read: Follow through on financial New Year’s resolutions

	Percentage of Canadians who say they will exceed their holiday spending budget this season
National	20%
Atlantic Canada	14%
Quebec	20%
Ontario	21%
Manitoba/Saskatchewan	27%
Alberta	14%
British Columbia	19%

Read: Mom and dad, send money!

In every province except for Quebec, Canadians have already exceeded their average holiday budgets.

	Plan to Spend (Nov. 2013)	Spent so far (to Dec. 16, 2013)
National	$852	$986
Atlantic Canada	$877	$1,467
Quebec	$767	$503
Ontario	$898	$1,007
Manitoba/Saskatchewan	$868	$1,016
Alberta	$903	$1,586
British Columbia	$845	$990

Read: Holiday spending makes 25% of Canadians feel helpless

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.

Staff

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