Canadians are feeling pretty frugal this Christmas

$589.60

—The average amount Canadians expect to spend on Christmas presents this year, according to a recent survey of 2,006 gift-givers conducted by the Royal Bank of Canada. As reported in the Globe, that’s a three per cent decrease from last year’s average spend of $608.60, and a six per cent decrease from 2012’s total of $628.50. (On the plus side: fewer misguided gifts to return on Boxing Day.)