Canadians Plan Holiday Spending

This is a news story, published by Global News, that relates primarily to Terrell news.

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holiday budget

Global News

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‘Big battleground’ of holiday shopping looms. How to trim your expenses - National | Globalnews.ca

Summary

Nutrition label

75% Informative

85 per cent of Canadians plan to give gifts this holiday season and they plan to spend roughly $700 .

Inflation, which has cooled to 1.6 per cent , is the key driver of why Canadians anticipate spending more.

Survey: Canadians will be turning to gift cards, coupons, cashback sites, loyalty programs, rewards points and even second -hand items when shopping for themselves or others.

Online marketplaces and social media channels are good options if you’re looking for value and convenience.

For people who collect credit card rewards, now may be the ideal time of the year to redeem them.

At the end of the day , “we don’t need to sacrifice our financial well-being for the sake of holiday shopping or travel,” Terrell said.

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

Offensive language