High prices weigh on consumer holiday spending: Yahoo/Maru poll

High prices weigh on consumer holiday spending: Yahoo/Maru poll

People pass a large Christmas tree as they go shopping on Christmas Eve at a mall in Ottawa on Dec. 24, 2020. A new report from Deloitte Canada says holiday spending in Canada is expected to drop this year as inflation shrinks consumer buying power and economic uncertainty looms over household finances. THE CANADIAN PRESS/Justin Tang

High prices mean Canadians are planning on spending less during the holiday season this year. (THE CANADIAN PRESS/Justin Tang)

One in three Canadians say they will spend less over the holiday season this year, as high prices force them to scale back on shopping and gift giving, a new Yahoo/Maru Public Opinion poll has found.

The survey of 1,522 Canadians released on Friday found that 30 per cent of respondents will be spending less over the holidays this year as inflation continues to force…


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