According to the Retail Council of Canada, for Holiday 2007, 94% of Canadians plan to give gifts to others, spending an average of $733. Furthermore, we’ll spend an additional $714 on travel, decorations, eating out etc. And a word to the wise: according to Moneris (the people who produce the machines we all swipe our cards on) this Friday (Dec. 21) between 2-3 pm is going to be the height of shopping.
December is a critical month for retailers in Canada.
That got me thinking.
If we canceled Christmas, would we tank the Canadian economy?
(ps: for a fun post on how to christmas-buy, Canajan Finances provides ideas!)