Holiday gift-giving declines in two provinces

Staff ~ The Prince Albert Daily Herald
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Only 84 per cent of Saskatchewan and Manitoba consumers plan to give gifts this holiday season, according to the RBC Canadian Consumer Outlook -- a decline of four per cent from 2011.

Residents of the region intend to cut overall holiday expenses from last year’s average of $1,428 down to $1,362. Of that amount, consumers plan to spend $664 gifts on gifts compared to $686 in 2011.

Fifty-six percent of prairie residents intend to use savings to cover holiday expenses, while 20 per cent will use credit cards. Twenty-three per cent of respondents say they have not considered how they will pay for their seasonal cheer.

Organizations: RBC Canadian Consumer Outlook

Geographic location: Saskatchewan, Manitoba

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