The pressure is on for parents this holiday season. Three-quarters of Canadian parents recently surveyed (76 per cent) say creating a magical holiday for their children is a top priority – but higher prices are turning wonder into worry. A new Interac survey reveals two-thirds (66 per cent) of Canadian parents say rising costs are making it harder to manage their holiday spending, and half (52 per cent) are worried about overspending this holiday season. So much so, grandparents are stepping up, with one in five parents (21 per cent) relying on them for holiday support. A third of parents (33 per cent) say grandparents spend more on gifts for the kids than they do themselves.

Interac transaction data forecasts that December 19, 2025, will be the busiest shopping day of the year, with 24.8 million Interac Debit purchases predicted. The majority of the transaction volumes are expected to take place at fast food restaurants, grocery stores and discount stores. As parents head to the shops this holiday season, more than four in 10 (45 per cent) plan to spend a total of under $500 on gifts, one in four (25 per cent) plan to spend $500 – $999, and nearly three in 10 (28 per cent) plan to spend $1,000 or more.

“Interac survey and transaction data point to a clear pattern: Canadians are approaching the holidays with a heightened sense of caution on spending,” said Chris Lee, Head, Payments at Interac. “As we approach peak shopping season, household budgets will be tested by high prices and high expectations. Using Interac Debit can help Canadians manage their finances by using their own money- keeping holiday magic alive and providing a sense of financial confidence and security as we approach the festive season.”

Most parents say the pressure to overspend comes from within, as they strive to make the holidays feel special (56 per cent). Nearly half (47 per cent) are driven by a desire to give their children what they never had. Other factors driving parents to go over budget include keeping up with family expectations (37 per cent), making the most of retail promotions (25 per cent) and trying to recreate the holiday ideal seen on social platforms (15 per cent).

Key findings from the Interac holiday spending snapshot include:

Older Kids, Big Budgets: As kids grow, the pressure on parents increases. Parents say the teenage years (age 13-17) are the most demanding for holiday spending, with kids aged six to nine following in second place. Parents of toddlers under two feel the least spending pressure.

Lingering Regrets: 74 per cent of parents have felt financial strain after overspending for the holidays in the past; nearly two in five (40 per cent) experience this every year. Recovery takes weeks for some, but 44 per cent need until the spring, and 12 per cent feel the impact most of the year. Among parents who reflected on their holiday spending last January, 56 per cent felt stressed, overextended or remorseful.

AI Assistance: Only about a fifth of parents (23 per cent) say they wish AI could handle their shopping for them. As agentic commerce plays an increasing role in Canada, four in 10 (40 per cent) would use an AI tool if it could identify the best day or time to shop for the lowest prices.

Hosting Pressure: Nearly half (46 per cent) feel pressure to go above and beyond when hosting; three in 10 (34 per cent) have scaled back due to the cost of having people over. Nearly six in 10 (58 per cent) find it awkward to ask guests to share expenses.

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TORONTO, Nov. 14, 2025 /CNW/ – The latest BMO Real Financial Progress Index reveals 61% of Canadians are changing their holiday spending plans this year in anticipation of rising costs caused by tariffs.

• 37% are trying to buy gifts minimally affected by tariffs, including purchasing goods made in Canada.
• 25% started their holiday shopping earlier to avoid potential price increases.
• 15% are budgeting to spend more on gifts in anticipation of higher prices.

“In the wake of recent tariff increases, rising unemployment, and an upturn in inflation, it’s not surprising that Canadian consumers are feeling a sense of trepidation heading into the holiday season,” said Sal Guatieri, Senior Economist, BMO. “Though not elevated, annual CPI inflation has picked up to 2.4% in September after remaining below 2% in the previous five months, partly due to a 3.8% rise in food costs. By weakening the economy, the trade war has lifted the unemployment rate, undermining consumer confidence and income growth.”

Additional findings from the BMO survey on Canadians’ holiday spending plans reveal:

The Holiday Price Tag:

• • Canadians plan to spend an average of $2,310 this holiday season, including travel costs like flights, tickets and accommodations ($545), food and groceries ($517), dining out ($184), entertaining ($178), electronics ($163), clothing ($160), alcohol ($119), charitable giving ($116), toys and games ($95), holiday decorations ($57) and other holiday expenses ($175).
• Unwrapping Spending: 
  • Two in five (41%) plan to cut back on spending amid concerns about the rising cost of living, while almost as many (39%) expect to spend the same but get fewer items. Canadians plan to cut spending most on holiday decorations (46%), travel (43%), dining out (42%), toys and games (40%), alcohol (38%), clothing (36%) and entertaining (36%). However, 25% plan on spending more on food and groceries this holiday season compared to last year.
  • With concerns about the rising cost of living top of mind, Canadians are adjusting their shopping habits including shopping for sale and/or clearance items (42%), buying less expensive gifts (38%), making fewer big purchases (31%), shopping at more affordable brands and/or discount retailers (32%) and spreading out their purchases over several weeks and months (27%).
  • Nearly half (46%) say holiday sales and discounts cause them to spend more or purchase more gifts than they originally intended.
• The Cost of Holiday Cheer: 
  • While half (50%) of Canadians say thinking about holiday spending causes financial stress, over a third (35%) feel pressured to keep up with others’ spending even if they cannot afford it.
  • Over a third (36%) knowingly sacrifice their long-term savings to afford their holiday spending plans.
  • 35% have taken on extra work to pay for their holiday spending, with Gen Z (55%) and Millennials (46%) being the most likely to do so.
  • Canadians believe it will take them an average of more than two months to pay off their holiday bills. However, 9% are not sure when or if they will be able to pay off these bills.
• Making a List and Checking it Twice
  • One quarter (25%) plan on reducing the number of people on their holiday gift list.
  • Nearly a third (31%) are not confident they will be able to afford every item on their holiday gift list.
• Stocking Up on Savings:
  • Over two thirds (68%) are trying harder to set and stick to a budget for their holiday spending compared to previous years. The figure increases to 75% among those more concerned about inflation or a possible economic recession.
  • Nearly two in five (38%) have reduced their spending on other gifts throughout the year such as birthdays, anniversaries, etc. to splurge on holiday gifts.
  • 17% have saved throughout the year to be able to afford their holiday spending plans.

“With concerns about the rising cost of living and economic uncertainty shaping holiday plans, Canadians are showing resilience by budgeting earlier, shopping mindfully, and prioritizing what matters most,” said Anthony (Tony) Tintinalli, Head, Specialized Sales, BMO. “By starting early, setting a budget, focusing on meaningful purchases and working with an advisor to develop a personalized plan, Canadians can celebrate the season feeling more empowered to take control of their finances and staying on track towards making real financial progress.”

Holiday Cheer Without Financial Fear: Tips for Making Real Financial Progress

BMO offers tips to help Canadians stay on track towards their financial goals and make real financial progress this holiday season:

• Define a Holiday Budget Around Goals: Affordability comes first. Canadians can align their holiday spending plan with long-term goals including retirement, an emergency fund or paying down debt.
• Shop Smart and Early: Take advantage of early sales and spread purchases over time to avoid last-minute splurges.
• Consider Non-Monetary Gifts: Homemade gifts, shared experiences or charitable donations can be meaningful without straining budgets.
• Track Spending in Real Time: Take advantage of budgeting apps or spreadsheets to monitor every dollar. Staying aware can help support making informed choices and prevent overspending.
• Build a Holiday Savings Habit: For next year, start saving early by automating a monthly transfer to a holiday fund. This can help make future spending stress-free while keeping financial progress on track.
• Plan for Post-Holiday Recovery: Set aside a small amount of funds as a holiday buffer for January expenses. This can help prepare for bill repayments and reduce potential stress.
• Watch for Emerging Holiday Shopping Related Fraud and Scams: Scammers are using AI to create fake retailer websites, phishing emails, and deepfake videos that impersonate trusted brands or influencers. They may also embed malicious links in QR codes found in ads, emails, or packaging.
• Tips to Help Stay Safe Include:
  • Do not click on links in emails, texts or QR codes, and instead go directly to retailer websites.
  • Be skeptical of urgency as “limited time offers” are a common scam tactic. Research unfamiliar sellers before buying, especially on social platforms.
  • To learn more tips, please visit BMO.com/Security.
• Seek Professional Advice: Do not wait to seek help. Working with a professional expert and meeting with them regularly can help Canadians and their loved ones create and maintain a financial plan that reflects their financial goals, sources of income and cash flow, risk appetite and time horizons, and adjust these plans as new goals emerge.

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The BMO Real Financial Progress Index reveals that – amid growing concerns about the cost of living (54%) and their overall financial situation (36%) – 79% of Canadians are planning to cut back on spending this holiday season. The survey’s insights provide an outlook on Canadians’ holiday spending plans, including:

• The Holiday Price Tag:
  • On average, Canadians plan on spending more than $1,991 this holiday season, including travel ($1,802), holiday gifts ($519), entertaining ($295), decorations ($141) and other holiday expenses ($275).
  • Nearly a quarter (23%) plan on spending more than $2,000 during the holidays.
• Making a List and Checking it Twice:
  • 79% plan on buying fewer gifts this year, and over a quarter (27%) will cut down the number of people on their gift list.
  • More than a third (36%) plan on buying less expensive gifts.
• Sleighing Spending:
  • 41% are spending less on fewer gifts, and 44% had cut back on spending on other occasions, including birthdays and anniversaries, throughout the year in order to spend more on holiday gifts.
  • Nearly half (49%) admit to spending more than they know they should.
• Financial Anxiety Forecast:
  • More than half (54%) say thinking about holiday spending causes financial anxiety.
  • 30% are not confident they will be able to afford every item on their holiday shopping list.
• Unravelling Post Holiday Receipts:
  • Over half (55%) of Canadians plan on using credit cards to pay for their holiday gifts this year and 5% plan on using buy-now-pay-later tools.
  • On average, Canadians believe it will take them three months to pay off their holiday bills. However, 21% are not confident they will be able to pay off their holiday bills on time and 11% are not sure when or if they will be able to pay off these bills.

“While affordability and cost of living concerns will be top of mind for many this holiday season, Canadians are still finding ways to celebrate the season by reevaluating their priorities and adapting their spending habits,” said Gayle Ramsay, Head, Everyday Banking Segment & Customer Growth, BMO. “Ahead of holiday parties, trips and gift exchanges, Canadians are encouraged to work with an expert to develop a personalized plan that reflects their long-term and immediate goals and take advantage of the convenient digital tools available to monitor their budgets to alleviate some of the financial stress the holidays can bring and help them make real financial progress.”

“Faced with higher living costs and a rising unemployment rate, it’s no surprise that many Canadians are planning to scale back their holiday spending plans this year,” said Sal Guatieri, Senior Economist, BMO. “Thankfully, the Bank of Canada is also concerned about the weak economy and possibly undershooting its inflation target and will likely continue to reduce interest rates through next summer. This should add some cheer to the 2025 holiday shopping season.”

The BMO Real Financial Progress Index also found that while two thirds (69%) of Canadians feel confident in their financial situation, only 53% feel they are making real financial progress and one quarter (25%) feel less financially secure than they did a year ago. Concerns about their overall financial situation (82%), fear of unknown expenses (82%), housing costs (73%) and keeping up with monthly bills (64%) are among the leading sources of financial anxiety.

The Gift of Giving

Although current economic conditions may have affected spending plans, the survey found many Canadians still plan on giving back this holiday season:

• The Giving Game Plan:
  • Among the 63% planning on giving back this holiday, a third (33%) plan to contribute money and/or donate stocks, securities and/or mutual funds to charitable causes while 17% intend to volunteer their time. 31% have already given back throughout the year.
  • On average, Canadians plan on donating $275 this holiday season.
• Giving During Uncertainty: Despite concerns about the cost of living, 59% say their charitable giving donations will remain the same as previous years.
• Reason for the Season: The majority of those planning on giving back this holiday season want to help people in need (57%) and support the cause(s) they care about (51%). Nearly a quarter (23%) want to teach their children and family the importance of giving.

“Recognizing many charities and organizations are under increased strain during these challenging times, it is encouraging to see Canadians are planning to be generous and are making incredible efforts to spread hope and progress in their communities this holiday season,” Lydia Potocnik, Head, Estate Planning & Philanthropic Advisory Services, BMO Private Wealth Canada. “For those considering gifting their time and/or resources, working with an expert can help develop a giving strategy that allows for more thoughtful support towards the causes aligned with their values and can help bring meaningful change in our communities – not only during the holidays, but throughout the year.”

There are several ways Canadians can give back this holiday season, including:

• Donate directly: Donating cash or other assets such as publicly-traded securities to a charity’s general fund for unrestricted use, or to a restricted fund for a specific project.
• Donate through a will: Make a testamentary gift in a will by giving a set dollar amount or a portion of the estate to a charity.
• Establish a donor advised fund (DAF): DAFs offer an immediate income tax deduction in the year of the gift and enable the donor to distribute the funds for grant making over an extended period of time. The BMO Charitable Giving Program is a flexible and cost-effective DAF program that enables Canadians to create a charitable giving plan.

‘Tis the Season to Start Making Real Financial Progress

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Canadians’ holiday spending is forecast to rise 10 per cent this season to $1,478, reversing last year’s decline—though still below levels of recent years ($1,520 in 2022, $1,706 in 2019).

According to Deloitte Canada’s 2024 Holiday Retail Outlook – The search for value: A season of cautious spending, the anticipated rebound in holiday spending is not necessarily driven by renewed consumer optimism. Canadians are as concerned about housing costs and rent increases (55%), paying for holiday gifts (35%), and credit card debt (31%) as they were last year. Canadians are also unsure if the economy in 2025 will worsen, improve, or remain the same—though fewer expect the economy to worsen compared to last year. The report also shows that two in three consumers expect higher prices this season, with inflation as the primary driver for how much consumers plan to spend this holiday season.

“This year’s holiday season will be marked by a critical search for the best deals, both in-store and online,” says Marty Weintraub, Partner, National Retail Leader at Deloitte Canada. “Canadians will be presented with an abundance of choice as they navigate an increasingly crowded retail landscape and a shorter, more competitive holiday shopping season.”

Other key findings include:

• Travel spending will be up 20 per cent this year and charitable donations will increase by 35 per cent, while spend in non-gift apparel is expected to see the largest decrease.
• Consumers expect to spend more of their holiday budget online (43%), especially from Amazon (71%), while Prime membership is at an all-time high.
• A growing number of consumers (30%) are exploring emerging eCommerce platforms such as Temu, Shein, and Alibaba, while some are even willing to shop directly through social media channels such as Instagram and TikTok, especially those aged 18-34.
• Canadians plan to spend 67 per cent of their holiday budget on or after Black Friday. However, retailers will have less than four highly competitive weeks to capture their share of consumers’ spending since Black Friday falls five days later this year.
• One in four Canadians have been impacted by a retailer data breach, driving 60 per cent of them to stop shopping or to shop less often at that retailer.
• Six in ten consumers are skeptical about GenAI, few are excited about it (19%), and others believe retailers should use it (18%).

“In an environment where constrained discretionary spending is likely to persist, we expect consumers to continue to gravitate to the retailers and platforms that meet their expectations for value. It will be important for retailers to pay attention to longer-term consumer trends such as new digital shopping destinations and social commerce. Effectively adapting to these changing consumer behaviours and attitudes will be vital as retailers look forward to focusing on growth after a challenging few years.”

Learn more about the 2024 Holiday Retail Outlook.

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• Fewer Holiday Gifts: 
  • Four in five (78 per cent) plan on buying fewer gifts this holiday season.
  • 45 per cent will spend less money on fewer gifts.
  • A quarter (26 per cent) of Canadians will cut down the number of people on their gift list this holiday season.
  • Over a third (37 per cent) are not confident they will be able to afford every item on their holiday shopping list.
• Financial Anxiety Forecast: 
  • Half (51 per cent) of Canadians say thinking of holiday spending causes financial anxiety.
• Scaling Back Spending: 
  • 40 per cent are buying less expensive gifts, while 35 per cent plan to reduce their spending by making fewer big purchases.
• Post-Holiday Bills: 
  • On average, Canadians believe it will take three months to pay back their holiday bills. As many as one quarter (24 per cent) are not confident they will be able to pay off their post-holiday bills on time.

“The holidays are certainly a time to celebrate with loved ones, but the holiday parties, family gatherings, travel and gift exchanges can also pose a financial strain – especially during times of economic uncertainty,” said Gayle Ramsay, Head, Everyday Banking, Segment & Customer Growth, BMO. “The rising cost of living will be top of mind this holiday season, but planning early, using digital tools to conveniently set and monitor budgets, and working with an expert can help Canadians stay on track, alleviate financial anxiety and enable them to continue making long-term real financial progress.”

The Bank of Canada’s recent Survey of Consumer Expectations underscored BMO’s survey findings that households fear inflation could remain high, squeezing budgets and leading to significant spending cuts. Findings from the BMO Real Financial Progress Index also found that while 68 per cent feel optimistic about their financial future (over the next year), only a third (33 per cent) believe they are making real financial progress and 29 per cent feel less financially secure than they did a year ago.

‘Tis the Season for Giving

Despite the challenging economic environment, the survey reveals Canadians are incorporating charitable giving as part of their holiday spending plans:

• Giving During Uncertainty: A third (33 per cent) of Canadians say their charitable giving will remain the same as previous years and 10 per cent consider being able to donate to the causes they care about as a sign of real financial progress.
• Giving Strategies: Over a third (35 per cent) plan to contribute money and/or donate stocks, securities and/or mutual funds to charitable causes, while 16 per cent plan to volunteer their time this holiday season.
• Meaningful Motivations: The majority of Canadians who to plan on giving back to their communities plan to help people in need (61 per cent) and support their preferred causes (51 per cent). A quarter (23 per cent) say giving back allows them to teach their children and family the importance of giving.

“The holiday season often inspires us to spread hope to our communities, and strategic giving allows Canadians to be part of the change they want to see,” said Lydia Potocnik, Head, Estate Planning & Philanthropic Advisory Services, BMO Private Wealth. “For those who have the resources and would like to make meaningful contributions that will support progress in their communities, working with professionals will allow Canadians to be more thoughtful with their giving activities, donations and volunteer work.”

For Canadians looking to give back this holiday season, there are a variety of charitable giving options available:

• Donate directly: Donating cash or other assets such as publicly-traded securities to a charity’s general fund for unrestricted use, or to a restricted fund for a specific project.
• Donate through a will: Make a testamentary gift in a will by giving a set dollar amount or a portion of the estate to a charity.
• Establish a donor advised fund (DAF): DAFs offer an immediate income tax deduction in the year of the gift and enable the donor to distribute the funds for grant making over an extended period of time. The BMO Charitable Giving Program is a flexible and cost-effective DAF program that enables Canadians to create a charitable giving plan in collaboration with the Charitable Gift Funds Canada Foundation.

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Consumers can expect food prices to continue to rise. Canada’s Food Price Report 2023 predicts a 5% to 7% food price increase in 2023, with the most substantial increases in vegetables, dairy, and meat. The report forecasts that an average family of four, including a man (age 31-50), woman (age 31-50), boy (age 14-18), and girl (age 9-13) will spend up to $16,288.41 per year on food, an increase of up to $1,065.60 from what was observed in 2022.

“To say that it’s been a challenging year for Canadians at the grocery store would be an understatement,” says Dr. Sylvain Charlebois, project lead and Director of the Agri-Food Analytics Lab at Dalhousie University. “Consumers will continue to get smarter about grocery shopping as they navigate through this so-called food inflation storm.”

Canada’s Food Price Report is an annual collaboration between research partners Dalhousie University, the University of Guelph, the University of Saskatchewan, and the University of British Columbia. This cross-country research team uses historical data sources, machine learning algorithms, and predictive analytics tools developed over many years to make predictions about Canadian food prices. A new forecasting model was used for the 2023 report. “It includes historical data plus the additional variables of forecasted inflation and Canadian-US exchange rate,” says Dr. Kelleen Wiseman, UBC campus lead. “This resulted in a rebalance between past data and future forecasts. Forecasting food prices is challenging!”

“Each year, the Canadian Food Price Report provides consumers with important information on how the coming year might affect them in terms of food prices and affordability,” says Andrea Rankin, the Master of Public Administration candidate at Dalhousie University who worked on the 2023 report. “It also gives important context for why prices are changing. Climate change, supply change disruptions, carbon taxes, geopolitical climates, and rising transportation costs are all contributing factors.”

International events continue to affect food prices at home. “The uncertainty from the ongoing Ukraine war shows no signs of ceasing and the Canadian dollar compared to the US dollar has recently ranged five to seven cents lower and this has driven up the cost of all imported American products” says Dr. Stuart Smyth, University of Saskatchewan campus lead. “Labour shortages in key sectors, such as crop harvesting, food processing, and transportation lower supply and drive-up prices.”

What can a concerned consumer do? Now is the time to become a “smart shopper” by consulting flyers for specials, creating and sticking to a budget and shopping list, looking for substitutes for expensive foods (such as frozen fruits and vegetables instead of fresh, and plant-based proteins like chickpeas or lentils instead of meat), or freezing meat when it comes on sale.

“We haven’t seen food prices increase this high in Canada for over 40 years and based on our findings, the increases we have predicted are still quite high but not as high as the increases for 2022,” says Dr. Simon Somogyi, University of Guelph campus lead. “That may be cold comfort for Canadians, as food prices are already high, but if inflation can come down, it’s possible that we could see price increases for 2023 at or below 5%.”

For more information, please read the complete Canada’s Food Price Report 2023.

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“Canadians are gearing up for a busy holiday season by being smarter online shoppers, leveraging digital solutions that empower them to take ownership of their shopping experience,” said Lisa Lisson, president of FedEx Express Canada. “Like every holiday season at FedEx, we’re ready to deliver on Canadians’ shipping needs, so they can focus on what matters most.”

Commissioned by FedEx Express Canada, a subsidiary of FedEx Corp (NYSE: FDX), and conducted by Angus Reid, the survey sheds light on Canadian consumers’ shopping intentions for this upcoming holiday season, their level of concern around affordability and steps they are taking to shop smarter amidst external financial pressures.

This year’s key survey highlights illustrate Canadians’ commitment to a good bargain, how cost is driving consumer decision-making, and how Canadians are combating package theft.

• Canadians intend to spend. Most Canadians are not letting rising costs affect their spending plans, as 78 per cent of those who plan to do holiday shopping expect to spend about the same amount or more as last year this holiday season.
  
  
• Shopping with intention. While Canadians don’t intend to change their spending plans, many are shopping with forethought and looking for the best deals to maximize spending. Nearly three-in-five holiday shoppers plan to buy gifts during major retail events this year, with Black Friday topping the list at 44 per cent.
  
  
• Canadians are early shoppers. Fifty-nine per cent of holiday shoppers intend to finish shopping by early December.
  
  
• Financial stress lingers. Economic pressures are still in the back of Canadians’ minds – 87 per cent of holiday shoppers feel that inflation and increasing prices will likely put more pressure on their holiday budget this season.
  
  
• Online tools combat package theft fears. Sixty-nine per cent of online shoppers are at least somewhat worried about package theft, an 8-point increase from last year. To combat these fears, digital tools are becoming more important. As such, 43 per cent of online shoppers rank the ability to track their packages as the single-most important feature.

Driven by the dramatic changes in online shopping and the growing prevalence of e-commerce, FedEx Express Canada has responded with a series of investments and service enhancements to ensure Canadians can rely on an outstanding experience, especially during this critical time of year.

Since June 2020, FedEx Express Canada has increased its workforce from 7,100 to over 13,335 Canadians. The company has expanded to 69 operating facilities with the addition of nearly 300,000 square feet of new sort capacity space in key markets across Canada and added an additional Boeing 757 and three ATR-72s to its domestic fleet.

A number of offerings and enhancements uniquely position FedEx and its Canadian customers for a successful, stress-free holiday season. Highlights include:

• Picture Proof of Delivery: Just in time for the holiday’s, customers and package recipients of residential driver-released deliveries will receive visual confirmation that their holiday shipments have arrived, delivering extra peace of mind. This service is applied to residential, non-signature package deliveries without requiring an account or login from the carrier or merchant.
  
  
• Expanded Delivery Operations: In various markets across the country, FedEx has expanded hours of operations for residential deliveries.

“With delivery features ranging from package scheduling to package tracking, FedEx is committed to empowering Canadians so that they can feel confident and rest easy knowing their holiday purchases will arrive safely and on time,” said Lisson.

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“Integrating sustainable retailing practices into our core operations and reducing our environmental footprint are important not only to our organization but also to the millions of devoted pet lovers who shop our stores,” said Richard Maltsbarger, President and Chief Executive Officer of Pet Valu. “By removing single-use plastic shopping bags from our network, we can eliminate more than 7 million bags from circulation annually, many of which would have gone into landfills. Every day we strive to do better and this action marks a significant step in the right direction.”

Today’s announcement follows actions taken by Pet Valu in the last several years to reduce its environmental footprint. In 2019, the Company commenced a comprehensive recycling program for cardboard, pallets and low-density polyethylene (“LDPE”) plastic wrap across its distribution centre network. That same year, lighting at all existing corporate-owned stores and distribution centres was converted to LED, resulting in an approximate 15% reduction in electricity usage per store. Pet Valu realized further energy consumption saving with the implementation of energy management systems (“EMS”) at all existing corporate-owned stores between 2019 and 2021, resulting in an approximate 15% reduction natural gas usage and an additional approximate 15% reduction in electricity usage per store.

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