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Of the average household Christmas budget in Canada, the majority is spent on gifts, according to data compiled in 2023. Decorations were calculated to be the next biggest expenditure, only narrowly beating food. The budget for this data refers to the calculated cost of how much the average Canadian spends on Christmas items, rather than the budget Canadian holiday shoppers set for themselves.

Canadian Christmas budgets

The holiday season is a busy time in the retail sector, with consumers typically spending more than usual. With so many presents to buy, special events, parties, and gatherings, it is no wonder that the majority of consumers spend even more than they planned for over the Christmas period. A fair share of shoppers exceeded their budget by over ** Canadian dollars. But it would appear this spending comes from a place of love, as the consumers in Canada planned to spend the most money on their family.

The lingering effects of COVID-19

Whilst it looks like Christmas will not be affected by coronavirus as much as in 2020, consumers still have reservations going into the holiday shopping season, above all crowded stores, and the risks that being in close proximity with many people brings. A further, indirect result of the pandemic is the delayed supply chain. Many shoppers worry that their goods will not reach them in time for Christmas, or that they may not be available at all.