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Canada's Holiday Spending Rises Amid K-Shaped Economy

12/26/2025

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Summary

Story summary

Visa Canada data show holiday retail spending in Canada rose 4.4% year over year, led by clothing and practical merchandise.
Black Friday sales dipped, overshadowing Boxing Day.
The K-shaped economy means higher-income shoppers thrive while lower-income shoppers struggle.
Groupe Dynamite posted a 40% revenue increase, while Jones Lang LaSalle (JLL) expects an 8% rise driven by upper-income shoppers.

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Story summary

Visa Canada data show holiday retail spending in Canada rose 4.4% year over year, led by clothing and practical merchandise.
Black Friday sales dipped, overshadowing Boxing Day.
The K-shaped economy means higher-income shoppers thrive while lower-income shoppers struggle.
Groupe Dynamite posted a 40% revenue increase, while Jones Lang LaSalle (JLL) expects an 8% rise driven by upper-income shoppers.