A recent survey conducted by Interac paints a challenging financial picture for many Canadians, particularly in Montreal, as the holiday season approaches. The data suggests that escalating prices are putting significant pressure on household budgets, making it harder for individuals and families to manage their traditional Christmas spending.
Financial Pressure During the Festive Season
The core finding of the Interac survey is clear: a growing number of people are feeling financially stretched. While the survey reflects a national trend, the impact is acutely felt in major urban centres like Montreal, where the cost of living has been a persistent concern. The holiday period, often associated with gift-giving, travel, and special meals, is amplifying these existing financial anxieties.
Published on December 18, 2025, the survey results land at a critical time, just as many are finalizing their holiday plans. The report does not specify exact percentage changes in spending or sentiment, but it strongly indicates that inflation and higher costs for essentials are forcing Canadians to reconsider and potentially scale back their festive activities.
Broader Context of Economic News
This financial strain report arrives amidst a flurry of other significant national and provincial news items. On the same day, it was announced that Christian Dubé is stepping down as Quebec Health Minister, leaving the Coalition Avenir Québec (CAQ). In business, BlackBerry reported a Q3 profit of US$13.7 million, a positive shift from a loss the previous year.
Other notable headlines from December 18 include a major environmental update, where Canada was reported to be getting further away from reaching its 2030 emission target. In health, there was a significant development as Canada formally recognized Gulf War Illness after years of advocacy by veterans.
Navigating the Holiday Season
For Montrealers and Canadians across the country, the Interac survey serves as a stark reminder of the current economic climate. The findings suggest that many are likely adopting more cautious spending habits, potentially seeking out deals, setting stricter budgets, or prioritizing experiences over material gifts. This shift in consumer behaviour could have ripple effects on local retailers and the seasonal economy.
The sense of being "stretched" is a powerful indicator of household stress, pointing to a holiday season where financial management takes precedence. As families gather, the underlying pressure of rising costs for food, housing, and transportation remains a key concern, shaping a more financially conscious Christmas for many.
