Boost Your Business: Exciting 2023 Holiday Spending Trends ? You Can’t Afford to Miss

Holiday Spending Insights for Small Businesses

As small businesses prepare for the bustling holiday season, understanding consumer spending trends is crucial for making informed decisions and optimizing sales strategies. The insights from CPA Canada’s 2023 Holiday Spending Study provide valuable data that can help businesses anticipate market behavior and adjust their offerings accordingly.

Unveiling the findings of CPA Canada’s 2023 Holiday Spending Study, this report is based on data collected through an online survey conducted by Ipsos. The study was commissioned by CPA Canada, representing Chartered Professional Accountants of Canada.

Survey Details

The survey was carried out from September 14 to 18, 2023, and involved a diverse cohort of 2,000 Canadian participants aged 18 and above. This sample provides a comprehensive view of holiday spending trends across the country.

Key Findings

Despite prevailing economic challenges, the study reveals a notable increase in holiday gift spending. The average expenditure for 2023 rose to $645, up from $589 in 2022 and $555 in 2021. This trend indicates a resilient rise in spending habits during the festive season.

Access the Full Report

For a detailed analysis of the findings, you can download the full report here or browse below.