Nearly half of Canadians are hoping to score some deals on Black Friday, a new report says.
Last year, 41% of Canadians surveyed said they were going to shop on Black Friday - the day following American Thanksgiving that usually marks the start of the holiday shopping season for those south of the border - while 47% are planning to check out the sales this year.
Those planning to shop on Black Friday expect to spend $292 on average, with 15% saying they will only buy gifts, and 7% saying they will only spend money on themselves that day.
"Canadian retailers are rising to the challenge of the lure of cross-border shopping, as they look to deal with the Canadian dollar still not far from parity, a significant – although narrowing – gap between Canadian and U.S. retail prices and the more generous duty-free limits," BMO chief economist Doug Porter said in a release Friday.
"Canadian holiday retail sales receipts, excluding auto and gasoline sales, should increase by roughly 2%, year over year, in the November to December period."
The popularity of Black Friday, however, may be affecting post-Christmas sales, with the survey finding 59% of Canadians polled will head out to find Boxing Day deals, down from 62% in 2012.
The poll by Pollara surveyed 1,215 adult Canadians between Oct. 11 and 16 and has a margin of error of 2.8 percentage points.