Canadians are expected to spend an average of $675 on gifts this year, BMO projects.
- Canadians are expected to spend 15% more on the holidays this year compared to last, BMO projects. Respondents to the bank’s annual survey plan to spend an average of $1,610 this holiday season, up from $1,397 in 2011. Roughly $675 of that will be spent on gifts. So why are Canadians feeling more generous in 2012? The top cited reasons were having more people to shop for and being better off financially.
- Black Friday, or the Friday after U.S. Thanksgiving, is considered the unofficial start to the holiday shopping season. But Walmart says it will start its door-crasher sales earlier this year on Thursday, Nov. 22 in the U.S. Meanwhile, north of the border, a number of Ontario malls are planning to stay open later on Black Friday in hopes of keeping Canadian shoppers close to home.
- Here’s a stocking stuffer idea (even if it is a little early). Enter below to win a free copy of the MoneySense Guide to Investing in Stocks: