Canadians could be spending upwards of $600 on Boxing Day and New Year’s Eve alone – that’s on top of the $1,400 they already spent on holiday celebrations, according to a recent survey from savings destination RetailMeNot.ca.
During these post-Christmas spending occasions, it seems that Canadians shift from the spirit of gift giving to shopping for themselves. In fact, Canadians are spending an average of $215 on themselves alone during Boxing Day sales, which is more than they are spending on anyone else in their lives, loved ones included.
Despite the deals found on Black Friday and Cyber Monday, Canadians are still loyal to their original sale occasion – Boxing Day. In fact, less than one quarter (24%) of Canadians feel that Black Friday and Cyber Monday have become more important than the Boxing Day and 40% state they will always shop Boxing Day deals. Canadians are still largely sticking to the traditional ways of shopping for Boxing Day sales, with more than half (58%) of Canadians shopping in store for deals.