Canadians want to spend less on back-to-school shopping this year, survey finds

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Canadians' spending habits and intentions for back-to-school are changing, a new survey by the Retail Council of Canada has found.

Avalynn Kwok, 4, holds her dad Manny Kwok's hand outside Lynn Valley Elementary School as her parents drop her off for her first day of kindergarten in North Vancouver, B.C., Thursday, Sept. 9, 2021. THE CANADIAN PRESS/Darryl Dyck

This year, one in two Canadians said they’re expecting to spend the same amount of money as they did in 2022. And the number of people planning to spend less than $50 has gone up by 3.4 per cent compared to last year, according to the survey. “This indicates the tightening of purse strings due to the prevailing economic conditions,” a report on the survey states.

In 2022, only 41 per cent of people wanted to shop in person for their back to school shopping. That number has soared to 81 per cent of Canadians, the survey found.

 

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