Sales of wine, beer and spirits will likely hit a record high this year, according to a new report from BMO Capital Markets.
Canadians are on track to top $19 billion in sales this year, according to the report, which would be mark an increase of more than $700 million from 2011.
The report says alcohol sales typically surge by more than 40 per cent during the holiday season and especially during December, which is the highest volume sales month.
The average Canadian adult spent more than $85 last December on alcohol.
Ontarians spent an average of 45 per cent more on alcohol during the holiday months while Quebecers had the largest increase, buying nearly 65 per cent more booze in December.
Earlier this week Ontario PC leader Tim Hudak suggested he would like to privatize the LCBO.
Canadian alcohol sales likely to set new record this year: report
News staff with files from The Canadian Press
Gas Prices
680News Android App
Weather Guarantee
Advertiser Directory
Comments
Editor's note: Comments which include offensive or inappropriate language will be deleted. Healthy debate is encouraged but we will not permit any personal attacks. View our comment policy here.