48% of Canadians to spend less on vacation

by CBC — July 2, 2009

Close to half of Canadians are planning to spend less on their summer vacations than they typically do, suggests an EKOS poll released to CBCNews.ca on Thursday.

The poll found that 48 per cent of respondents plan to spend less on summer vacations than they have in recent years. About 20 per cent of respondents indicated they would spend more, while 32 per cent said they would spend about the same amount.

The poll interviewed a random sample of 2,262 people between June 25 and June 29. The margin of error on the national results is considered to be 2.1 percentage points, 19 times out of 20.

EKOS suggests the economic distress many Canadians are experiencing has affected their vacation plans.

"Like so many patterns in a recession, this has a paradoxical quality," said EKOS president Frank Graves. "It is obviously sensible from an individual perspective to cut back in hard times. However, this will also make it harder for the economy to emerge from the recession."

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Source:CBC top stories