How many Canadians will take advantage of Black Friday or Cyber Monday?

VANCOUVER (NEWS 1130) – Are you planning to open up your wallet and score some deals this Black Friday or Cyber Monday?

Payment processor Moneris is making a call on whether more Canadians will be pulling out their credit or debit cards this year.

The company says Canada-wide, sales have been up five or six per cent all year.

“If you look at that and then you figure that Canadians are shopping at home more, we’re definitely seeing a drop off in Canadians crossing the border to shop with the low Canadian dollar, and Americans are coming up here as well more,” says Chief Product and Marketing Officer Rob Cameron.

“Put all that together, we think that it’s going to be a better Black Friday for sales and a better Cyber Monday than it was last year,” he tells us.

Cameron says shopping has increased on both days every year since 2011, but the jump in 2013 was bigger than any other.

“I think that it really just started to catch on, and then what retailers are doing is they seem much more focused on kicking off the holiday shopping season earlier in order to get Canadians starting to buy their holiday gifts and then laddering it right through Christmas.

“What what we saw last year for the first time was that Black Friday sales on that day, in terms of total dollar volume at our merchants, exceeded total dollar volume on Boxing Day for the first time, which is pretty amazing.”

Black Friday is November 27th and Cyber Monday is November 30th.

Top Stories

Top Stories

Most Watched Today