The summer is coming to an end and families are gearing up to go back-to-school. Back-to-school season is one of the busiest times for retailers and the season pulls in around $72 billion. While retailers are raking in the cash, Canadian families are looking for new ways to make the season as inexpensive as possible. A recently conducted survey found that the majority of Canadians will spend more than $200 to send their children back-to-school this year. Twelve percent will spend over $400. Pretty huge numbers if you ask us!
Luckily, Global News recently did a little research and tallied up the cost of basic school supplies, comparing prices between various Canadian retailers. They searched for the lowest online prices of 15 products at Walmart, Future Shop, Canadian Tire and Staples online. The products ranged from pencils and erasers to backpacks and binders. The results did not surprise us. Staples was the cheapest of the four retailers with a total balance of $18.52 – more than $10 less than the total balances at Canadian Tire and Walmart which stood at around $30. Not so surprisingly, Future Shop had the most expensive school supplies, totalling over $50. Take a peak at the full study between all the retailers here or do your own price comparison research using websites like ShopBot.ca and ShopToIt.ca.