Canonical URL: https://giftcard.news/research-trends/mastercard-expected-stores-to-lead-canada-s-2023-holiday-shopping-42925343609f/ --- description: Mastercard’s 2023 Canadian holiday outlook examines in-store spending, electronics demand, ecommerce timing and retail promotions. title: Mastercard SpendingPulse Expects Stores to Lead Canada’s Holiday 2023 Sales image: https://giftcard.news/images/social/v1/mastercard-spendingpulse-expects-stores-lead-canada-s-holiday-2023-sales-0b34da589d3267468852116eabda134b.jpg --- 1. [Home](https://giftcard.news/) 2. [Research & Trends](https://giftcard.news/research-trends/) # Mastercard SpendingPulse Expects Stores to Lead Canada’s Holiday 2023 Sales Mastercard’s 2023 Canadian holiday outlook examines in-store spending, electronics demand, ecommerce timing and retail promotions. By [Maya Bennett](https://giftcard.news/author/maya-bennett/) November 13, 2023 1 min read Share [ ](https://x.com/intent/post?url=https%3A%2F%2Fgiftcard.news%2Fresearch-trends%2Fmastercard-expected-stores-to-lead-canada-s-2023-holiday-shopping-42925343609f%2F%3Futm%5Fsource%3Dx%26utm%5Fmedium%3Dsocial&text=Mastercard%20SpendingPulse%20Expects%20Stores%20to%20Lead%20Canada%E2%80%99s%20Holiday%202023%20Sales "X") [ ](https://www.linkedin.com/sharing/share-offsite/?url=https%3A%2F%2Fgiftcard.news%2Fresearch-trends%2Fmastercard-expected-stores-to-lead-canada-s-2023-holiday-shopping-42925343609f%2F%3Futm%5Fsource%3Dlinkedin%26utm%5Fmedium%3Dsocial "LinkedIn") [ ](https://wa.me/?text=Mastercard%20SpendingPulse%20Expects%20Stores%20to%20Lead%20Canada%E2%80%99s%20Holiday%202023%20Sales%20https%3A%2F%2Fgiftcard.news%2Fresearch-trends%2Fmastercard-expected-stores-to-lead-canada-s-2023-holiday-shopping-42925343609f%2F%3Futm%5Fsource%3Dwhatsapp%26utm%5Fmedium%3Dsocial "WhatsApp") ![Mastercard logo from the original source article](https://giftcard.news/images/variants/v1/mastercard-spendingpulse-expects-stores-lead-canada-s-holiday-2023-sales-logo-original-w1200.webp) Photo: Source: newsroom.mastercard.com [Mastercard](https://giftcard.news/company/mastercard/) projected that Canadian in-store spending would increase 2.8% between November 1 and December 24, 2023\. Its November 13 holiday outlook expected consumers to keep seeking physical shopping experiences while looking for ways to stretch budgets. Electronics had the strongest projected sector increase at 3.9%. Clothing and jewelry were expected to soften compared with a year earlier. The forecast also anticipated 3.4% growth in restaurant spending and 3.1% in groceries as households celebrated at home and outside Your free reader account ## Continue reading for free. Create your account or sign in to get unlimited access. 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Sign in](https://giftcard.news/login/?returnTo=%2Fresearch-trends%2Fmastercard-expected-stores-to-lead-canada-s-2023-holiday-shopping-42925343609f%2F) ## Sources and documents ExpandCollapse * [Mastercard expected stores to lead Canada's 2023 holiday shopping](https://newsroom.mastercard.com/news/press/2023/november/mastercard-spendingpulse-canadian-consumers-are-expected-to-prioritize-brick-and-mortar-shopping-this-holiday-season/?utm%5Fsource=giftcard.news) — newsroom.mastercard.com ## In this article ### Companies * [Mastercard](https://giftcard.news/company/mastercard/) Share [ ](https://x.com/intent/post?url=https%3A%2F%2Fgiftcard.news%2Fresearch-trends%2Fmastercard-expected-stores-to-lead-canada-s-2023-holiday-shopping-42925343609f%2F%3Futm%5Fsource%3Dx%26utm%5Fmedium%3Dsocial&text=Mastercard%20SpendingPulse%20Expects%20Stores%20to%20Lead%20Canada%E2%80%99s%20Holiday%202023%20Sales "X") [ ](https://www.linkedin.com/sharing/share-offsite/?url=https%3A%2F%2Fgiftcard.news%2Fresearch-trends%2Fmastercard-expected-stores-to-lead-canada-s-2023-holiday-shopping-42925343609f%2F%3Futm%5Fsource%3Dlinkedin%26utm%5Fmedium%3Dsocial "LinkedIn") [ ](https://wa.me/?text=Mastercard%20SpendingPulse%20Expects%20Stores%20to%20Lead%20Canada%E2%80%99s%20Holiday%202023%20Sales%20https%3A%2F%2Fgiftcard.news%2Fresearch-trends%2Fmastercard-expected-stores-to-lead-canada-s-2023-holiday-shopping-42925343609f%2F%3Futm%5Fsource%3Dwhatsapp%26utm%5Fmedium%3Dsocial "WhatsApp") ![Portrait of Maya Bennett](https://giftcard.news/images/variants/v1/maya-bennett-editorial-portrait-w320.webp) About the author ## [Maya Bennett](https://giftcard.news/author/maya-bennett/) Journalist — Rewards & Loyalty Maya Bennett covers customer loyalty, employee rewards and incentive programmes for Gift Card News. From reading to building ## Your next move in gift cards. Tell us what you’re building. We’ll help you explore suitable providers. [Find a provider ](https://giftcard.news/find-a-provider/) ## Related articles [Research & Trends](https://giftcard.news/research-trends/) Analysis ### [AI Can Shop for You. Can It Spend Your Gift Cards?](https://giftcard.news/research-trends/ai-can-shop-for-you-can-it-spend-your-gift-cards/) [Oliver Reed](https://giftcard.news/author/oliver-reed/) September 17, 2026 17 min [Research & Trends](https://giftcard.news/research-trends/) Analysis ### [Gift Card Fraud in the United States](https://giftcard.news/research-trends/gift-card-fraud-in-the-united-states/) [Oliver Reed](https://giftcard.news/author/oliver-reed/) September 17, 2026 66 min [Research & Trends](https://giftcard.news/research-trends/) Analysis ### [Can You Cash Out Your Gift Card? 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