How to Make the Most of Black Friday Deals in Canada | Canada News Media
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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.

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

Canada’s unemployment rate holds steady at 6.5% in October, economy adds 15,000 jobs

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OTTAWA – Canada’s unemployment rate held steady at 6.5 per cent last month as hiring remained weak across the economy.

Statistics Canada’s labour force survey on Friday said employment rose by a modest 15,000 jobs in October.

Business, building and support services saw the largest gain in employment.

Meanwhile, finance, insurance, real estate, rental and leasing experienced the largest decline.

Many economists see weakness in the job market continuing in the short term, before the Bank of Canada’s interest rate cuts spark a rebound in economic growth next year.

Despite ongoing softness in the labour market, however, strong wage growth has raged on in Canada. Average hourly wages in October grew 4.9 per cent from a year ago, reaching $35.76.

Friday’s report also shed some light on the financial health of households.

According to the agency, 28.8 per cent of Canadians aged 15 or older were living in a household that had difficulty meeting financial needs – like food and housing – in the previous four weeks.

That was down from 33.1 per cent in October 2023 and 35.5 per cent in October 2022, but still above the 20.4 per cent figure recorded in October 2020.

People living in a rented home were more likely to report difficulty meeting financial needs, with nearly four in 10 reporting that was the case.

That compares with just under a quarter of those living in an owned home by a household member.

Immigrants were also more likely to report facing financial strain last month, with about four out of 10 immigrants who landed in the last year doing so.

That compares with about three in 10 more established immigrants and one in four of people born in Canada.

This report by The Canadian Press was first published Nov. 8, 2024.

The Canadian Press. All rights reserved.

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Health-care spending expected to outpace economy and reach $372 billion in 2024: CIHI

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The Canadian Institute for Health Information says health-care spending in Canada is projected to reach a new high in 2024.

The annual report released Thursday says total health spending is expected to hit $372 billion, or $9,054 per Canadian.

CIHI’s national analysis predicts expenditures will rise by 5.7 per cent in 2024, compared to 4.5 per cent in 2023 and 1.7 per cent in 2022.

This year’s health spending is estimated to represent 12.4 per cent of Canada’s gross domestic product. Excluding two years of the pandemic, it would be the highest ratio in the country’s history.

While it’s not unusual for health expenditures to outpace economic growth, the report says this could be the case for the next several years due to Canada’s growing population and its aging demographic.

Canada’s per capita spending on health care in 2022 was among the highest in the world, but still less than countries such as the United States and Sweden.

The report notes that the Canadian dental and pharmacare plans could push health-care spending even further as more people who previously couldn’t afford these services start using them.

This report by The Canadian Press was first published Nov. 7, 2024.

Canadian Press health coverage receives support through a partnership with the Canadian Medical Association. CP is solely responsible for this content.

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Trump’s victory sparks concerns over ripple effect on Canadian economy

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As Canadians wake up to news that Donald Trump will return to the White House, the president-elect’s protectionist stance is casting a spotlight on what effect his second term will have on Canada-U.S. economic ties.

Some Canadian business leaders have expressed worry over Trump’s promise to introduce a universal 10 per cent tariff on all American imports.

A Canadian Chamber of Commerce report released last month suggested those tariffs would shrink the Canadian economy, resulting in around $30 billion per year in economic costs.

More than 77 per cent of Canadian exports go to the U.S.

Canada’s manufacturing sector faces the biggest risk should Trump push forward on imposing broad tariffs, said Canadian Manufacturers and Exporters president and CEO Dennis Darby. He said the sector is the “most trade-exposed” within Canada.

“It’s in the U.S.’s best interest, it’s in our best interest, but most importantly for consumers across North America, that we’re able to trade goods, materials, ingredients, as we have under the trade agreements,” Darby said in an interview.

“It’s a more complex or complicated outcome than it would have been with the Democrats, but we’ve had to deal with this before and we’re going to do our best to deal with it again.”

American economists have also warned Trump’s plan could cause inflation and possibly a recession, which could have ripple effects in Canada.

It’s consumers who will ultimately feel the burden of any inflationary effect caused by broad tariffs, said Darby.

“A tariff tends to raise costs, and it ultimately raises prices, so that’s something that we have to be prepared for,” he said.

“It could tilt production mandates. A tariff makes goods more expensive, but on the same token, it also will make inputs for the U.S. more expensive.”

A report last month by TD economist Marc Ercolao said research shows a full-scale implementation of Trump’s tariff plan could lead to a near-five per cent reduction in Canadian export volumes to the U.S. by early-2027, relative to current baseline forecasts.

Retaliation by Canada would also increase costs for domestic producers, and push import volumes lower in the process.

“Slowing import activity mitigates some of the negative net trade impact on total GDP enough to avoid a technical recession, but still produces a period of extended stagnation through 2025 and 2026,” Ercolao said.

Since the Canada-United States-Mexico Agreement came into effect in 2020, trade between Canada and the U.S. has surged by 46 per cent, according to the Toronto Region Board of Trade.

With that deal is up for review in 2026, Canadian Chamber of Commerce president and CEO Candace Laing said the Canadian government “must collaborate effectively with the Trump administration to preserve and strengthen our bilateral economic partnership.”

“With an impressive $3.6 billion in daily trade, Canada and the United States are each other’s closest international partners. The secure and efficient flow of goods and people across our border … remains essential for the economies of both countries,” she said in a statement.

“By resisting tariffs and trade barriers that will only raise prices and hurt consumers in both countries, Canada and the United States can strengthen resilient cross-border supply chains that enhance our shared economic security.”

This report by The Canadian Press was first published Nov. 6, 2024.

The Canadian Press. All rights reserved.

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