The Canadian shopping scene is becoming more Americanized especially these past 2 years in my opinion. Proof is their coinciding with Black Friday sales in the United States. In my previous blogs, I had discussed about early Christmas mindset and shopping, even about the US Black Friday and now Black Thursday deals. Well, here in Canada, we don’t yet see the stampeding crowds grabbing the last sale item or the long overnight queues outside the stores. Black Friday in Canada is mainly about a barrage of sales not only on Black Friday but for the rest of the 3 day weekend in sync with the US Thanksgiving weekend. Some even make it a 4 day weekend to coincide with Black Thursday in the US.
With the recent increase of exemption limits of duty-free products that a Canuck can bring back from abroad,Canadian retailers are forced to compete with their American counterparts to try to keep the price-conscious Canucks from going down south of the border to spend their money to bolster the US economy instead of the Canadian economy.
But some experts think that all this Black Friday hype in Canada will eventually fizzle down. With the influx of some American retail stores already setting up shop here in Canada,bringing with them the same promotions and strategies that they show in the U.S., the need to go down south will die down to a degree.
Seriously, I doubt it and it remains to be seen how price regulation in Canada will continue. Even if an American store sets up shop here, if they’re going to be bound by Canadian tax regulation similar to the Canadian stores, then it’ll still be expensive to shop at that American store which opened on Canadian soil.
Therefore,Canadian retail and taxation need to be evaluated further for any possible reform if they want to be at par with their American counterparts.
Today’s reality is that the Canuck will always look for the best deal whether here or outside Canada. Saving a few extra dollars will always take top priority as much as possible.
By the way, since today’s Saturday, it’s also known as Small Business Saturday wherein during this start of the Christmas shopping season, we’re being encouraged to support small and independently-owned stores(known as “mom and pop’ stores) by patronizing their business so as to boost the local economy. It emphasizes the need for small business owners to survive in this crucial time and not only the big box stores.