Published: December 13, 2012
We’ve been warned multiple times in recent months that Canadian household spending is causing us to be ever deeper in debt. But would that warning have any effect on this year’s spending by Canadian families? According to a Bank of Montreal survey, holiday shoppers are planning to spend on average $674 on gifts this year, up from $583 last year. And the average Canadian is expected to spend more than $85 on booze in December, also according to a Bank of Montreal report. Canada is among the wealthiest countries in the world, so it’s probably not a surprise.
According to Statistics Canada, Canadian households spend on average about $11,000 on transportation.
About $10,000 of that is spent on private transportation: cars, vans and trucks, including their operating cost.