TORONTO – Unbelievable but true: Canada saw stronger-than-expected economic growth in the third quarter, though economists warn the numbers don’t paint such a positive picture. But let’s go in order. →
The holiday shopping season is in full swing. This year’s outlook is forecasted to be better than last year, according to Deloitte Canada. The accounting organization that specializes in professional services like audit, consulting and financial advisory suggests shoppers are likely to spend an estimated average of $1,841 this holiday season, an increase of 31%, compared to the $1,405 spent last year.
With over 75% of eligible Canadians fully vaccinated against Covid-19 combined with heightened consumer confidence, it’s understandable that more people are likely to venture out this year to celebrate and spend more doing so. Yet, not all appears to be positive.
