“There are ripple effects in terms of placing the money in the community with a shop that hires locally.” “Those main streets and the vitality of those main streets are a lot of the reason we live in those neighbourhoods or shop there,” said Story. If you’re staying at home for your shopping this year, here are two key trends to remember: “If the motive is more social, then something like a weak loonie isn’t going to impact that,” said Antonia Mantonakis, a consumer psychologist at Brock University’s Goodman School of Business. Perhaps that’s because they are more likely to be making an occasion of it. retailers online or shop in the U.S., according to the UPS survey. People between 18 and 34 are the group most likely to buy from U.S. More than half of respondents cited the exchange rate as the reason, while 26 per cent pointed out that local retailers are offering Black Friday deals that make it more tempting to shop in Canada. Add to that the fact that have to stay south of the border for 24 hours in order to claim $200 in goods duty-free - and 48 hours to be eligible for the $800 exemption, which for most people requires a hotel stay. With the Canadian dollar trading around 75 cents (U.S.), cross-border shopping isn’t what it used to be.įactoring in travel expenses and taxes and duty, it’s hard to believe there is a lot of money to be saved travelling to Buffalo on Black Friday this year.
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