Black Friday has no doubt been gaining momentum in Canada in recent years as
retailers on this side of the border have adopted the U.S. tradition, but the BMO forecast of a 15 % surge is truly remarkable, especially considering the 9 % Black Friday / Cyber Monday participation rate CIBC forecast in 2012.
MoneySense contacted
retailers on both sides of the border to find out which consumer categories offer the biggest savings.
Not exact matches
Here in Canada, the $ 7.4 - billion men's apparel industry grew by 4 % between July 2011 and July 2012 (the women's
side of things slumped by 1 % over the same time period), and
on both
sides of the
border, men's accessories is the fastest - growing
retail market out there.
The weak loonie has also encouraged more Canadians to shop
on this
side of the
border instead
of going to the U.S. to stock up
on supplies or buying from American online
retailers, Baer said.