Canonical URL: https://giftcard.news/research-trends/mastercard-forecast-a-late-gift-buying-surge-in-canada-for-2022-7dc8e1bd3de6/ --- description: The outlook anticipated 5.7% holiday retail growth and strong shopping immediately before Christmas. title: Mastercard SpendingPulse forecasts 5.7% Canadian holiday growth for 2022 image: https://giftcard.news/images/social/v1/mastercard-spendingpulse-forecasts-5-7-canadian-holiday-growth-2022-e811542f19c3c028307f71a644824c9c.jpg --- 1. [Home](https://giftcard.news/) 2. [Research & Trends](https://giftcard.news/research-trends/) # Mastercard SpendingPulse forecasts 5.7% Canadian holiday growth for 2022 The outlook anticipated 5.7% holiday retail growth and strong shopping immediately before Christmas. By [Suzie Elis](https://giftcard.news/author/suzie-elis/) November 17, 2022 1 min read Share [ ](https://x.com/intent/post?url=https%3A%2F%2Fgiftcard.news%2Fresearch-trends%2Fmastercard-forecast-a-late-gift-buying-surge-in-canada-for-2022-7dc8e1bd3de6%2F%3Futm%5Fsource%3Dx%26utm%5Fmedium%3Dsocial&text=Mastercard%20SpendingPulse%20forecasts%205.7%25%20Canadian%20holiday%20growth%20for%202022 "X") [ ](https://www.linkedin.com/sharing/share-offsite/?url=https%3A%2F%2Fgiftcard.news%2Fresearch-trends%2Fmastercard-forecast-a-late-gift-buying-surge-in-canada-for-2022-7dc8e1bd3de6%2F%3Futm%5Fsource%3Dlinkedin%26utm%5Fmedium%3Dsocial "LinkedIn") [ ](https://wa.me/?text=Mastercard%20SpendingPulse%20forecasts%205.7%25%20Canadian%20holiday%20growth%20for%202022%20https%3A%2F%2Fgiftcard.news%2Fresearch-trends%2Fmastercard-forecast-a-late-gift-buying-surge-in-canada-for-2022-7dc8e1bd3de6%2F%3Futm%5Fsource%3Dwhatsapp%26utm%5Fmedium%3Dsocial "WhatsApp") ![Mastercard SpendingPulse forecast for the 2022 Canadian holiday season](https://giftcard.news/images/variants/v1/mastercard-spendingpulse-forecasts-5-7-canadian-holiday-growth-2022-forecast-season-w1248.webp) Photo: Source: newsroom.mastercard.com [Mastercard](https://giftcard.news/company/mastercard/) projected that Canadian retail spending excluding vehicles would rise 5.7% between November 25 and December 24, 2022\. Its November 17 outlook expected online sales to increase 3.8% over the same holiday period a year earlier. The forecast emphasized a return to late gift buying as supply constraints eased and consumers regained more freedom to visit stores. Mastercard expected spending to increase 24% on December 23 and 17.5% on Christmas Eve compared with the corresponding days in 2021. Jewelry and leather goods were among the categories expected to benefit from last-minute purchases. Clothing and electronics were also projected to attract gift shoppers close to Christmas, even though electronics spending was forecast to fall on Black Friday and Boxing Day. Mastercard said higher interest rates and other economic pressures were encouraging shoppers to stretch budgets. Its SpendingPulse projections included multiple payment methods and were not inflation-adjusted. The announcement set out expectations for specific dates in 2022 rather than confirmed sales outcomes. ## Sources and documents ExpandCollapse * [Mastercard forecast a late gift-buying surge in Canada for 2022](https://newsroom.mastercard.com/news/press/2022/november/mastercard-spendingpulse-last-minute-shopping-prevails-over-one-day-sales-and-promotions-as-canadian-retail-sales-expected-to-grow-5-7-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-forecast-a-late-gift-buying-surge-in-canada-for-2022-7dc8e1bd3de6%2F%3Futm%5Fsource%3Dx%26utm%5Fmedium%3Dsocial&text=Mastercard%20SpendingPulse%20forecasts%205.7%25%20Canadian%20holiday%20growth%20for%202022 "X") [ ](https://www.linkedin.com/sharing/share-offsite/?url=https%3A%2F%2Fgiftcard.news%2Fresearch-trends%2Fmastercard-forecast-a-late-gift-buying-surge-in-canada-for-2022-7dc8e1bd3de6%2F%3Futm%5Fsource%3Dlinkedin%26utm%5Fmedium%3Dsocial "LinkedIn") [ ](https://wa.me/?text=Mastercard%20SpendingPulse%20forecasts%205.7%25%20Canadian%20holiday%20growth%20for%202022%20https%3A%2F%2Fgiftcard.news%2Fresearch-trends%2Fmastercard-forecast-a-late-gift-buying-surge-in-canada-for-2022-7dc8e1bd3de6%2F%3Futm%5Fsource%3Dwhatsapp%26utm%5Fmedium%3Dsocial "WhatsApp") ![Portrait of Suzie Elis](https://giftcard.news/images/variants/v1/suzie-elis-editorial-portrait-w320.webp) About the author ## [Suzie Elis](https://giftcard.news/author/suzie-elis/) Journalist — Gift Cards & Digital Gifting Suzie Elis covers gift card products, digital gifting and distribution 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 ### [MENA’s Digital Gift Card Markets: A Country-by-Country Research Atlas](https://giftcard.news/research-trends/mena-digital-gift-card-markets/) [Oliver Reed](https://giftcard.news/author/oliver-reed/) September 18, 2026 66 min [Research & Trends](https://giftcard.news/research-trends/) Analysis ### [India’s Digital Gift Card Market: Growth, Consumers and Regulation](https://giftcard.news/research-trends/india-digital-gift-card-market/) [Oliver Reed](https://giftcard.news/author/oliver-reed/) September 18, 2026 30 min [Research & Trends](https://giftcard.news/research-trends/) Analysis ### [AI Can Shop for You. 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