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RBC Canadian Consumer Confidence Index Dips as More Consumers Put Major Purchases on Hold, Job Anxiety Rises
While Underlying Fundamentals of Financial Comfort Slowly Improve, Canadians Perceive Weakness in Economy as Overall Assessment Drops to 48% (down 3 points)
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RBC Canadian Consumer Outlook Index Rises as Fewer Shoppers Delaying Major Purchases; Job Anxiety Drops
Most (75%) Canadians Financed Their Holiday Spending Through Everyday Chequing (52%) and Savings (23%) Accounts
Fewer Primarily Used Credit Cards (20%), Line of Credit (3%)
or Annual Bonus (2%) -
Most Think They Can't Vacation for Less than $100 Per Person, Per Day
Despite Economy, Most Canadians Plan to Spend As Much (54%) or More (19%) on Their Next Holidays than the Last
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Changing Conditions, Changing Traditions: Six in Ten (58%) Canadians say that Changes in the Economy Have Caused them to Re-evaluate This Year's Christmas Spending or Traditions
One in three (31%) strongly agree they'd prefer to receive a meaningful gift that would help someone else rather than receiving another traditional gift - especially among older Canadians (43%)
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One Half (48%) of Canadians Admit to Re-Gifting, With One in Ten (11%) saying they Typically Re-Gift at Least One of the Presents they Receive at Christmas
Many Canadians Opt for a Green Christmas
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Canadians Hope For a Better 2010, But Shelve Holiday Spending, According to the New RBC Canadian Consumer Outlook Index
Half of Canadians plan to spend less this holiday season
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One Half (47%) of Canadians Intend to Spend Less This Holiday Season than Last Year
While average Canadian intends to spend more on gifts this year than two years ago (up 12% to $728), spending intentions on other holiday-related goods and services drops 4.5% (from $512 to $490)
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Many Canadian Online Shoppers Taking Advantage of U.S. Black-Friday Deals
One Quarter (23%) of Those Who Have Made Online Purchases in The Past Year are Likely to Shop Online on Black Friday