Cross-border shopping is a quintessential part of Black Friday for some Canadians.
But with the Canada-U.S. land border closed to non-essential travel to limit the spread of COVID-19, hopping over the border for holiday shopping isn91Ƶt an option this year.
For Canadian retailers, the closure has created a captive market 91Ƶ at least for in-store shopping.
91ƵIn previous years, a lot of Canadians would just pop over the border to take advantage of the crazy deals down in the U.S., which often surpassed what we were getting in Canada,91Ƶ says Tandy Thomas, an associate professor in the Smith School of Business at Queen91Ƶs University.
91ƵBut the ability to do that easy cross-border shopping is no longer there.91Ƶ
Thomas says the border closure creates a more favourable environment for Canadian retailers.
91ƵThey don91Ƶt have to compete with their U.S. counterparts in the same way,91Ƶ she says. 91ƵIt91Ƶs literally a captive market.91Ƶ
Black Friday originated in the United States as a post-Thanksgiving shopping event. It became well-known for its big discounts, massive crowds and a frenzied shopping atmosphere.
Although it has become a mainstay of holiday shopping in Canada as well, U.S. retailers have still lured Canadians across the border with doorbuster deals.
Yet with the loonie worth about 77 U.S. cents, it91Ƶs possible few shoppers would have bothered travelling south of the border.
91ƵWith the dollar being what it is, it91Ƶs not exactly a bargain to go down there,91Ƶ says Tim Sanderson, executive vice-president and national lead for retail with JLL Canada.
91ƵBut there91Ƶs still lots of people who like to go for the variety.91Ƶ
Diane Brisebois, president of the Retail Council of Canada, says the border closure, coupled with an increased push to buy local, will benefit Canadian retailers this holiday season.
91ƵWe strongly believe there will be more Canadians making that extra effort to shop in a local brick-and-mortar store as well as find them online,91Ƶ she says.
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Brett Bundale, The Canadian Press
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