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Currency Events

Why Black Friday isn’t worth it anymore …

Black Friday

I for one can’t stand the drive, the crazy line at the border, the crazy line at every store, and the people that are going crazy getting all of these ‘deals’. Gas, time, and sanity are all things that I would rather save, specially after I read an article that I found in the Kitchener Record this past Thursday.

Canada-U.S. price gap narrowing: BMO
The Canadian Press
Ottawa – The price gap between what Canadian spay for a consumer item at home compared to what is paid across the border appears to be narrowing .. comparison of selected consumer items does show the differential has closed to about 10 per cent.

Price Gap a Political Matter

The price gap became a political as well as an economic issue about six years ago after consumers began to complain that while Canada’s currency had at last achieved parity with the U.S., even briefly rising to $1.10 US, no such equality was evident in consumer prices.
Finance Minister Jim Flaherty asked senate to study the phenomenon resulting in a report earlier this year that recommended Ottawa try lowering or eliminating tariffs on some consumer goods.
The March budget did cut tariffs … Reports suggest the government may be preparing to do more on the issue, including extending the tariffs cuts.

Have any Black Friday horror stories? Share them with me so that I can further prove my point.

Tyler Brown
Financial Security Advisor
Life Insurance Broker
tylerb@riskman.ca
(519) 212-9859
@tbrown_101

Office: (519) 648-9580
Fax: (519) 489-2740
http://www.riskman.ca
244 Woolwich St. South, Unit #1 ~ P.O. Box 261 Breslau, ON ~ N0B 1M0

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