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"Recent stock market volatility and elevated household debt could also dampen sales," he said.
There will be nothing Grinchy about Albertans' spending this holiday season.
Albertans Plan To Spend The Most The Holiday Season
Twenty one per cent said they will spend more, which 60 per cent said they anticipate spending a similar Women Canada Goose Victoria Parka White New Zealand amount to last year.
Albertans plan to shell out the most cash of all Canadians this year, according to a recent Bank of Montreal survey, with the average person predicting they'll spend approximately $1,947 over the holiday season.
Sal Guatieri, a senior economist with BMO Capital Markets, said the plan to spend less is, in many cases, tied to slower job growth across the country.
However, a survey released Thursday by Accenture contradicted BMO's poll, instead finding that only 19 per cent of Canadians plan to spend less this holiday.
The Accenture study comprised findings following an online poll of 1,200 Canadian adults in Calgary, Toronto and Montreal in September. The BMO study used survey results from Pollara of 1,005 Canadian adults between Oct. 14 and Oct. 16.
This year, Canadians plan to spend most of their holiday money on gifts ($441) and travel ($677). They'll spend another $211 on entertaining and $79 on other holiday expenses, such as decorating.