As the temperature outside drops, so does the amount of money in many people’s bank accounts as they spend on gifts during the holiday season.
Except that this year, 78 per cent of Canadians plan to cut back on holiday spending, according to a news survey from BMO.
For Victoria gift store Oscar and Libby, the 24 days of the holiday season represents a quarter of their annual income, said store owner Teri Hustins.
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