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How to Make the Most of Black Friday Deals in Canada

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Many Canadians are ready to open their wallets with the holidays fast approaching. Whether they’re buying for themselves or others, the Black Friday sales can be a great opportunity to save on some of their top purchases.

Taking advantage of credit card rewards and store loyalty programs is another way to make the most of these blowout sales.

Amazon Canada

Ahead of Black Friday, you can save on electronics, Amazon devices, beauty products, and much more at the online retailer. The company’s Black Friday sale offers a huge selection of discounted products and is especially great for those who already have Prime, which allows them to get early access to Lightning Deals. It’s a good idea to browse and list items you hope to score during the sale. It’s also helpful to check back in on the website regularly and ask Alexa to “tell me my deals” so you can keep an eye out for new discounts. Other Canadian retailers are also getting in on the action. Clothing and accessories label Duer has its Take a Hike Sale starting on November 21 with 30% off full-price winter denim and apparel until November 28. Meanwhile, the ethical clothing brand Poppy Barley has a Buy More, Give More promotion to see the brand donate to KidSport Canada for every purchase.

Canadian Tire

There are several Black Friday deals at Canadian Tire this year, including discounts on luggage, cookware and kitchen appliances. Shoppers can also find deals on Christmas trees and gifts for the whole family. These deals are valid in-store and online. Some of the best deals include 45% off Amazon Echo devices, 40% off Fitbit smartwatches and 50% off brands like Anastasia Beverly Hills. Canadian Tire has an early sales page where shoppers can save on electronics, beauty products and kitchenware. These deals change quickly, so it’s important to check back often. In addition, many retailers offer additional savings on Black Friday and Cyber Monday by pairing their offers with credit card or loyalty rewards apps.

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Another way to make the most of Black Friday Deals Canada is to sign up for their Triangle Rewards program. This allows you to earn cash back on purchases and get exclusive discounts. The Canadian Tire website also features an online version of their Black Friday flyer.

Best Buy

Black Friday is the official start of the holiday shopping season on November 25. The day after Thanksgiving, shoppers are encouraged to head into the malls and stores to hunt down deals on everything from household goods to clothes, shoes and beauty products. Best Buy Canada offers some of the hottest deals leading to Black Friday this year. This includes TVs, smartphones, tablets and computers. The retailer has also secured a strong inventory to help ensure Canadians have access to the products they want. Spanx, the tights favorite of celebrities like Olivia Culpo and Brie Larson, is having a Black Friday flash sale. You can save 25% on everything, including full-priced styles, and get an extra 20% off sale items with code BLACKFRIDAY25. Also, Sport Chek offers up to 60% off sports equipment and apparel on Black Friday. This is a great time to revamp your active wardrobe or find a Christmas gift for that special person.

Walmart

Black Friday is a shopping holiday that coincides with Thanksgiving in the United States. It’s a great time to shop for friends and family and tick some items off your Christmas list. It’s also a good time to stock up on home appliances, electronics and kitchen items. This year, Black Friday is longer than ever, and many retailers offer great deals online and in-store. For example, Indigo’s “Black Friday” sale runs from November 22 to November 27 and includes discounts of up to 50% off, including a 30% discount on sale items. Black Friday discounts are also available from other Canadian brands, such as Roots and Lululemon. For example, Lululemon is taking 20% off all its cozy clothes and accessories for winter, like these Herschel Rainer jackets and this Columbia zip-up sweater. Roots, meanwhile, is taking 25% off its already-reduced sale prices.

 

Economy

Fed’s Goolsbee Says Traditional Economic View May Cause Overshoot – BNN Bloomberg

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China’s Ailing Pork Demand Another Sign of Economic Distress

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(Bloomberg) — The fall holidays in China are usually boom-time for pork consumption, as parties and cooler weather entice households to splurge on the nation’s favorite meat.

The Mid-Autumn Festival on Friday typically gathers friends and family over celebratory fare like braised pork belly or sweet and sour ribs. This year, the lunar holiday is followed in short order by the weeklong National Day break, which should extend demand for the more expensive meatier dishes beloved by Chinese.

But consumption is falling flat and supplies are ample. Much of the blame lies with a weak economy and financial uncertainty that to some degree has affected all of China’s commodities markets. Prices of hogs and pork, which usually rise in anticipation of shoppers opening their wallets, have actually fallen. It’s a troubling sign for an industry that has yet to recover from the constraints imposed by the pandemic.

“Pork is selling poorly,” said Yao Shangli, a wholesaler based in Shanghai supplying restaurants in the city. “Look at the economic situation now. The economy is bad. There’s no demand. There wasn’t a wave of stock-building before the holiday either,” he said.

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Chinese pork consumption is nearly five times that of 40 years ago, mirroring the rise of the middle classes. But even relatively well-off households are watching the pennies as the economy slows and a protracted property crisis saps confidence.

The impact will be felt as far afield as the Americas, whose farmers supply most of the animal feed for China’s vast pig herd. There’s also a direct impact on financial markets because of the meat’s weighting in the basket of food monitored by China’s central bank, with a drop in pork prices contributing to deflationary pressures in the economy.

In the wet markets of Guangdong in southern China, sales of fresh pork have been slow, said Citic Futures Co. Meat that should have sold out in the morning was still sitting on shelves in the afternoon, according to a report from the broker at the weekend.

Slaughter Rates

Hog prices nationwide have dropped over 5% so far this month, and wholesale pork prices have also turned lower. Slaughter rates at abattoirs are flat.

Carcass sales have slowed and slaughterhouses aren’t getting many orders, according to commodities consultancy Mysteel, which cited the impact of the sluggish economy.

“This round of restocking for the holidays is basically over and demand didn’t really kick off,” said Zhu Di, an analyst with GF Futures Co.

Demand for cured pork usually rises toward the end of the year and that could give the market a boost, according to Zhu. “But I’m not sure how much it will be,” she said. “There’s too much supply. We are quite pessimistic about prices in the fourth quarter.”

That puts Chinese farmers in a bind. Profitability is already lagging pre-pandemic levels, due to a combination of oversupply, weak demand, high feed prices and the costs of fending off diseases like African swine fever.

With hopes dashed this time around, the focus will switch to the run up to the next festival period around Lunar New Year — the period of heaviest demand for pork in the Chinese calendar.

The Week’s Diary

(All times Beijing unless noted.)

Thursday, Sept. 28

  • China weekly iron ore port stockpiles
  • Shanghai exchange weekly commodities inventory, ~15:30
  • China Intl Aluminum Week in Yinchuan, Ningxia, day 3

Friday, Sept. 29

  • China’s Mid-Autumn Festival holiday

Saturday, Sept. 30

  • China’s official PMIs for September, 09:30

Sunday, Oct. 1

  • Caixin’s China PMIs for September, 09:45

On the Wire

Saudi Aramco will start talks to buy a 10% stake in a Chinese refining and petrochemical company, as it looks to boost its presence in the world’s biggest energy importer.

©2023 Bloomberg L.P.

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Economy doing better than expected in face of higher interest rates, banking watchdog says – Financial Post

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