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Eight In Ten (79%) Canadians Really Need a Summer Vacation, But Many (67%) Will Scale Back Their Plans Due to Inflation
Six in ten (62%) Canadians say they are at least somewhat likely to take a summer vacation this year.
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Canadians Cut Back in 2023 and Plan to Continue Cuts in 2024
Cutting back on dining out (57%), looking at flyers for sales (53%), and putting off purchases like new clothes (47%) top ways Canadians dealt with inflation in 2023
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Worries About Cost Of Living Remain High As End Of 2023 Draws Near
At the end of 2023, nearly seven in ten (69%) Canadians report they are concerned about their ability to absorb any unexpected costs of $1,000 or more.
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Changing Resolutions: Almost Half (42%) Have Changed Financial New Year’s Resolutions in Response to Cost of Living Concerns
Over Two-Thirds (68%) Have Set Financial Goals for Themselves and Yet Majorities Do Not Have a Financial Plan (69%) and/or Household Budget (60%)
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Donating to Charities is One of the Least Likely Expenses Canadians Would Cut During the Holiday Season
Canadians are equally likely to cut donations to charities during the holiday season (17%) and travel expenses to visit family and friends who live far away (17%), indicating the value Canadians place on donating to charity especially in the holiday season.
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Bah Humbug! Canadians Are Ho Ho Holding the Holiday Spending: Four in Five Plan to Buy Fewer Gifts This Year
The Holidays are not Holly Jolly times for everyone: Half (51%) say thinking about Holiday spending causes financial stress.
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Could Inflation Fatigue Undermine Financial Discipline During the Holiday-Spending Season?
More (74%; +7 pts) concede that they will need to contend with the persistent and ongoing effects of high inflation than did in 2022.
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Not Forgotten: Canadians More Likely to Attend Remembrance Day Service Than Pre-Pandemic
Canadians Consider Remembrance Day to Be as Relevant Today as When It First Began. Vast majority think that Canada should be doing more to educate Young people about our military history (87%) and that Canada’s involvement in global conflicts should be taught in schools (88%).
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77% of Canadians Do Not Plan to Travel This Holiday Season
Half (54%) say this is because of inflation.