Sum­mer prici­est sea­son for many: poll

The Guardian (Charlottetown) - - CANADA -

TORONTO — A new poll from CIBC says nearly half of Cana­di­ans will need to dip into their sav­ings or take on debt in the com­ing months as they look to make the most of the warm sum­mer weather. Of those sur­veyed, 40 per cent said sum­mer is the most ex­pen­sive sea­son, while 36 per cent said they spend the most in win­ter. Another 17 per cent sin­gled out spring as the costli­est sea­son, while only six per cent said their house­hold spend­ing spikes in au­tumn. The poll says the av­er­age amount that Cana­di­ans plan to spend on sum­mer fun _ which in­cludes ev­ery­thing from travel and recre­ational ac­tiv­i­ties to goods such as sport­ing equip­ment and bar­be­cues — is $1,766. House­holds in At­lantic Canada say they plan to spend the most on av­er­age _ $2,694 _ while Que­bec house­holds were the most fru­gal, plan­ning to spend an av­er­age of only $1,288. The online sur­vey of 1,503 Cana­di­ans was con­ducted by An­gus Reid be­tween June 17 and 18. The polling in­dus­try's pro­fes­sional body, the Mar­ket­ing Re­search and In­tel­li­gence As­so­ci­a­tion, says online sur­veys can­not be as­signed a mar­gin of er­ror be­cause they do not ran­domly sam­ple the pop­u­la­tion. The poll says nearly half _ 45 per cent _ of re­spon­dents have tried to save for sum­mer fes­tiv­i­ties but ex­pect they'll have to put ex­tra costs on their credit cards. Another 29 per cent said they tend to stick to their bud­gets over the sum­mer, while seven per cent said their bud­gets go out the win­dow dur­ing the warm weather months and 19 per cent said they have no house­hold bud­get.

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