Canadians' holiday spending expected to drop 11% this year: Deloitte

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Economic uncertainty and higher prices mean some households are making tough decisions about Canadians' holiday spending this year. In fact, Deloitte is projecting spending in Canada to drop 11 per cent this year. The Deloitte survey also shows Canadians are worried about the future, with nearly half expecting the economy to weaken further in 2024. "This year we're just basically going to see a hunkering down. So, we're going to spend less on gifts and also give fewer gifts to fewer people," Deloitte Canada National Retail Leader Marty Weintraub said. Global's Nivrita Ganguly has the details. For more info, please go to https://globalnews.ca Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc Like Global News on Facebook HERE: http://bit.ly/255GMJQ Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB #GlobalNews

Published 2023-10-17 · Watch on YouTube ↗
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