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Halloween means billions for retailers

According to a study conducted for the Retail Council of Canada, 72 percent of Canadians plan to participate in at least one Halloween activity this year, such as wearing a costume, going to a party, getting together with friends, handing out candy,

According to a study conducted for the Retail Council of Canada, 72 percent of Canadians plan to participate in at least one Halloween activity this year, such as wearing a costume, going to a party, getting together with friends, handing out candy, taking children trick-or-treating, and/or decorating their home.

On average, Canadians plan to spend $60 on items such as candy, pumpkins, costumes and decorations, compared to $57 in 2005.

The Halloween season accounts for approximately $1.15 billion in sales.

"Canadians of all ages have a real affection for Halloween and are ready to have fun by getting together with friends, taking their kids out trick-or-treating, decorating their homes or handing out treats," says Diane J. Brisebois, president and CEO, Retail Council of Canada. "Consumer confidence, strong employment numbers and low interest rates continue to fuel growth in retail across Canada and this trend is expected to be maintained throughout the remainder of the year."

On average, men intend to spend more on Halloween items than women: $66 compared to $55, respectively.

Pumpkins continue to be a Halloween mainstay with 58 percent of Canadians planning to buy pumpkins and spending $10 on average.


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