10.2 C
Cañada
Thursday, March 5, 2026
HomeLifeFeeling the affordability pinch? Here’s how to keep holiday spending under control

Feeling the affordability pinch? Here’s how to keep holiday spending under control

Published on

A BMO survey of 2,500 Canadians found that half experience financial stress related to holiday spending.

With the holiday season upon us, it’s easy to feel the pressure to spend. And this year, Canadians are feeling the extra challenges brought by tariffs and the rising cost of living.

A recent survey for the BMO Real Financial Progress Index, conducted from Sept. 3 to Oct. 11, found that 61 per cent of Canadians have adjusted their holiday spending plans in anticipation of rising costs because of tariffs. Even so, Canadians still expect to spend an average of $2,310 this season, the survey found.

author avatar
Ethan Radcliffe
Ethan Radcliffe is a senior reporter and digital editor at The Toronto Insider, specializing in Canadian federal policy, GTA urban development, and national economic trends. With over a decade of experience in North American journalism, Ethan focuses on translating complex legislative and economic developments into clear, accessible reporting for Canadian readers. Ethan’s work emphasizes policy analysis, government accountability, and data-driven reporting, with a strong focus on how federal and provincial decisions impact communities across the Greater Toronto Area and beyond. He has covered infrastructure planning, housing policy, fiscal strategy, and regulatory changes affecting Canadian households and businesses. A graduate of Toronto Metropolitan University’s School of Journalism, Ethan brings expertise in investigative reporting, long-form analysis, editorial standards, and digital publishing best practices. His reporting is guided by verifiable sources, public records, and transparent sourcing. In addition to reporting, Ethan has experience in newsroom editing, fact-checking workflows, SEO-informed journalism, and audience analytics, ensuring stories meet both editorial integrity standards and modern digital discoverability requirements. Ethan is committed to objective, fact-driven journalism and adheres to established ethical guidelines, prioritizing accuracy, clarity, and public trust in all reporting.

Latest articles

China EV deal puts Canada’s entire auto sector at risk, industry leaders say

Industry leaders have expressed deep concern that a recent electric vehicle (EV) deal with...

Health minister announces funding extension for national suicide crisis helpline

OTTAWA - In a recent announcement, the Canadian Health Minister declared that the federal...

Toronto Blue Jays’ struggling slugger could be last hope after Bichette leaving

As the Toronto Blue Jays gear up for the 2026 season, the team's need...

U.S. investigations into Canadian mushroom imports to move ahead

U.S. investigations into Canadian mushroom imports are set to progress as the U.S. International...

More like this

Health minister announces funding extension for national suicide crisis helpline

OTTAWA - In a recent announcement, the Canadian Health Minister declared that the federal...

Toronto Blue Jays’ struggling slugger could be last hope after Bichette leaving

As the Toronto Blue Jays gear up for the 2026 season, the team's need...

What’s in store for Canadian design? Six industry leaders weigh in

Here is a shortened, clean version of your prompt with the same meaning: ⸻ What’s in...

BREAKING NEWS ALERTS

Get the top stories delivered to your inbox every morning

You may unsubscribe at any time. By signing up, you agree to our Terms of Use and Privacy Policy.