TORONTO - A new survey on holiday spending suggests Canadian shoppers may be more likely to channel their inner Scrooge this year.
A survey by the Bank of Montreal says consumers plan on reining in their holiday spending, with the average Canadian recently polled expected to spend about 15-hundred dollars.
That's down from about 18-hundred dollars in 2013.
This year's estimate is the lowest amount reported in the annual survey in three years.
Poll respondents said on average they expected to spend about 550 dollars on gifts, and nearly 700 on travel.
Last year, expectations were for spending of about 700 dollars on gifts.
B-MO notes the amount of money being set aside for holiday travel was relatively unchanged from last year.
And why are Canadians planning on scaling back on their holiday spending? Those surveyed say it's because they're making an effort to cut costs.
The survey was conducted by Pollara on about one-thousand Canadian adults between October 14th and 16th.
