--TD Canada Trust poll finds Canadians will spend an average of $80 per
person on holiday gifts this year--
TORONTO, Nov. 22, 2011 /CNW/ - With the holiday shopping season in full
swing, seven-in-ten Canadians say they won't be reducing their holiday
spending this year despite the economic climate. According to the TD
Canada Trust Holiday Poll, Canadians are planning to spend an average
of $1,100 on food, gifts and entertainment this holiday season.
While just over a quarter (28%) of Canadians hope to squeeze in all
their holiday shopping for less than $500, nearly as many (22%) expect
to spend $2,000 or more. Atlantic Canadians are the most likely to
spend more this season, expecting to spend an average of $1,374, while
Quebecers are the most conservative at $900.
Whatever the total you are planning to spend this year, staying within a
set spending amount can be easier by planning ahead and getting
organized with a budget.
"You've made your list and checked it twice, but the festive lights and
décor can sometimes cause you to go overboard. A great way to track
your spending and reap the rewards benefits is to make your holiday
purchases on one credit card," says Pam Paddon, Associate Vice
President, TD Credit Cards. "Make sure to check your account regularly
to ensure you're staying within budget and always remember to pay your
credit card bill in full at the end of the month."
While it may seem daunting to check off everyone on your holiday gift
list each year, it doesn't have to be expensive. On average, Canadians
are planning to spend about $80 per person on gifts these holidays.
Ontarians are spending the most, with an average budget of $80.78 per
person, while Albertans have allocated less for gift budgets at $75.80
Canadians are bargain hunters
Eight-in-ten Canadians say deals and discounts can influence their
holiday shopping decisions. In fact, Ontarians are most likely to admit
deals always play a role in their purchasing decisions (21% versus 19%
nationally), while Manitoba and Saskatchewan residents are least likely
to be swayed by sales promotions (11% versus 19% nationally).
Interestingly, women are also first to admit they look for deals over
the holidays (23% versus 14% of men).
"One of the easiest ways to find savings during the holidays is to use
your credit card rewards points towards your gift purchases," says
Paddon. "A good credit card will give you the freedom and flexibility
to redeem your rewards points for a wide range of gifts or gift cards
from top retailers. For example, the new tdrewards.com is a one-stop-shop for holiday shoppers, offering TD credit cardholders
thousands of unique gift ideas, exclusive deals and discounted offers."
About the TD Canada Trust Holiday Poll
TD Canada Trust commissioned Environics Research Group to conduct a
national telephone omnibus study of 1,000 Canadian adults. Results were
collected between October 25-31, 2011.
About TD Canada Trust
TD Canada Trust offers personal and business banking to more than 11.5
million customers. We provide a wide range of products and services
from chequing and savings accounts, to credit cards, mortgages and
business banking, to credit protection and travel medical insurance, as
well as advice on managing everyday finances. TD Canada Trust makes
banking comfortable with award-winning service and convenience through
24/7 mobile, internet, telephone and ATM banking, as well as in over
1,100 branches, with convenient hours to serve customers better. For
more information, please visit: www.tdcanadatrust.com. TD Canada Trust is the Canadian retail bank of TD Bank Group, the
sixth largest bank in North America.
PDF with caption: "TD Canada Trust Holiday Poll - BC News release.pdf". PDF available at: http://stream1.newswire.ca/media/2011/11/22/20111122_C7909_DOC_EN_7014.pdf
PDF with caption: "TD Canada Trust Holiday Poll - Alberta News release.pdf". PDF available at: http://stream1.newswire.ca/media/2011/11/22/20111122_C7909_DOC_EN_7015.pdf
SOURCE TD Canada Trust
For further information:
Liz Christiansen / Steve Presant
Paradigm Public Relations
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TD Bank Group