According a report, 1.2 million Canadians will be booking off work this Friday in anticipation of Black Friday, the annual American shopping day over the American Thanksgiving weekend.
Colliers International decided to do a report to discover the similarities and differences in prices on the American Black Friday, and the deals that take place on Boxing Day. On average, on Black Friday you will find a price difference of 30%, while in Canada on Boxing Day you will find a price difference of 31%. Even though the difference is marginal, Colliers is stating that there are exceptions to the rule when it comes to ‘big ticket’ items.
Boxing Day has the advantage over Black Friday in terms of price when it comes to cheaper merchandise and big appliances, but Black Friday holds the advantage of being before Christmas, allowing for all the gift-buyers to get their shopping done early.
While the deals remain enticing, the slumping loonie will potentially cause a drop of 37 percent of Canadian consumers crossing the border, with predictions set at 15 percent of Canadians set to cross the border for the shopping weekend.
Will you be heading over the border for Black Friday? What are you hoping to save on this weekend?
Read more here.