Black Friday sales expected to dip amid high costs of living
Although Black Friday has traditionally boosted sales for retailers, this year could see a decline in consumer spending due to persistent inflation, high interest rates, and the rising cost of living.
Retail analyst Bruce Winder said he expects consumer trends to shift this year.
“Some consumers are thrifting. They're going to places like Facebook Marketplace and buying used products of giving sort of more thoughtful gifts to their loved ones,” Winder explained.
He also noted that Canadians are increasingly turning to budget-friendly online retailers like Temu to save money on holiday shopping.
“Then, of course, you have the Canada Post strike, which is layered on top of that, which is significantly going to hurt and impact small business who sell online,” he said that
Despite the challenges, Winder believes Black Friday and Cyber Monday will still generate significant revenue. However, overall holiday shopping might take a hit.
Shopping Trends
The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop. Read about us.
CTVNews.ca Top Stories
Liberal caucus chairs meeting to talk Trudeau today, PM attends Canada-U.S. cabinet committee
Prime Minister Justin Trudeau is back in Ottawa today, but with him yet to signal he's ready to address the snowballing resignation calls, the Liberal caucus' regional chairs have called a meeting today to discuss next steps.
When do I receive federal benefits this year? Payment dates for 2025
From the Canada Child Benefit to Old Age Security, federal payment dates have been determined for 2025. Find out when you can expect your payments.
Sea and Himalayan salts recalled in Canada: 'Do not use, serve or distribute'
Two brands of sea and Himalayan salt are being recalled in Canada due to pieces of plastic found in the products.
Calgary woman stranded in Mexico after husband's death during diving trip
A Calgary woman is struggling to return home after her husband died while diving in Mexico, leaving her stranded and facing financial hardship.
Judge sets Trump's sentencing in hush money case for Jan. 10, but signals no jail time
In an extraordinary turn, a judge Friday set U.S. president-elect Donald Trump's sentencing in his hush money case for Jan. 10, but promised not to jail him.
'Mystery volcano' that erupted and cooled Earth in 1831 has finally been identified
An unknown volcano erupted so explosively in 1831 that it cooled Earth's climate. Now, nearly 200 years later, scientists have identified the 'mystery volcano.'
N.S. community shocked by deaths of father, daughter; suspect was wanted in Toronto shooting
A Nova Scotia community is mourning the loss of two of its members after they were shot and killed in Halifax on New Year’s Eve.
Ontario aiming to send out $200 rebate cheques later this month or early February
Ontarians should receive their $200 rebate cheque from the province by the end of January or early February, a government spokesperson confirmed in an email Friday.
FORECAST
FORECAST Weather warnings issued for nearly all of Canada's provinces and territories
Nearly every province and territory in Canada is subject to weather advisories heading into the weekend.
Toronto
-
Ontario aiming to send out $200 rebate cheques later this month or early February
Ontarians should receive their $200 rebate cheque from the province by the end of January or early February, a government spokesperson confirmed in an email Friday.
-
Union representing Ontario college faculty in legal strike position as of Saturday
Ontario college students could soon see their winter semester cut short if the union representing faculty at the province’s 24 public colleges moves ahead with strike action in the coming weeks.
-
Toronto's high housing costs may be pushing immigrants out: report
The number of immigrants who choose to stay in Toronto five years after getting here is declining, Statistics Canada says, and one of the possible reasons why will likely not come as a surprise to most.
Ottawa
-
Highrise fire on Ramsey Crescent displaces 39 residents
The Ottawa Paramedic Service says four adult women were taken to hospital following a fire that happened in a highrise on Ramsey Crescent, in the west end of Ottawa, in the early hours of Friday morning.
-
OTTAWA'S LRT
OTTAWA'S LRT All aboard Ottawa's new LRT line: What you need to know about the new north-south Line 2 and Line 4
Ottawa’s new north-south rail line will open to the public on Monday, Jan. 6, connecting downtown Ottawa and Riverside South with a spur to the Ottawa International Airport.
-
Great ice-making weather on the way for Ottawa as winter returns to form
After two winters with above-average temperatures and poor-quality ice on skating surfaces around the capital, the city can expect a more traditional Ottawa winter.
Atlantic
-
N.S. community shocked by deaths of father, daughter; suspect was wanted in Toronto shooting
A Nova Scotia community is mourning the loss of two of its members after they were shot and killed in Halifax on New Year’s Eve.
-
Saint John man charged with second-degree murder in wife’s Christmas Eve death
A man accused of murdering his wife on Christmas Eve made his first court appearance in Saint John, N.B., Friday morning.
-
Death of man inside Porters Lake home not suspicious: Halifax RCMP
Police have released more details about the death of a man who barricaded himself inside a home in Porters Lake, N.S., Thursday.
N.L.
-
Labradorians pay thousands to fly to Newfoundland. Could a Quebec energy deal help?
An airport executive in Labrador hopes a new energy deal with Quebec could help attract a competing airline company to the northern region, where flights costs have climbed at more than three times the national rate.
-
Icebreaker on hand in Labrador to guide season's last freight arrivals by ferry
A Canadian Coast Guard icebreaker is in central Labrador until Saturday to guide the Kamutik W ferry on its last freight deliveries of the season.
-
Whooping cough in Canada: Outbreaks or case increases reported in these provinces
Canadian health officials say they're seeing spikes in whooping cough cases in parts of the country as the U.S. deals with case numbers not seen in more than a decade.
Northern Ontario
-
Suspect charged in northern Ont. road rage incident that went viral
A 37-year-old suspect has been charged in connection with a road rage incident last week in Temiskaming Shores.
-
When do I receive federal benefits this year? Payment dates for 2025
From the Canada Child Benefit to Old Age Security, federal payment dates have been determined for 2025. Find out when you can expect your payments.
-
Sault, Ont., man claims Indigenous moose hunting rights without proof, fined $5,500
A hunter from Sault Ste. Marie, Ont., has been fined for moose hunting without a licence or proper documentation. He claimed Indigenous hunting rights but failed to provide any proof.
London
-
OPSEU issues notice to strike as of Jan. 9
There is still time for the two parties to meet and see eye to eye - the parties will be meeting again in non-binding mediation on January 6 and 7.
-
Guerra Guerra found guilty of second-degree murder in bush party case
Carlos Guerra Guerra has been found guilty of second-degree murder in the 2021 bush party murder trial.
-
'It's amazing to see the small town looking after its people': $35,000 fresh food giveaway in St. Thomas
Access to fresh food remains a challenge for many families amidst the ongoing inflation and food crisis.
Kitchener
-
Snow squall warnings for southwestern Ontario
Environment Canada says southwestern Ontario could get between 15 and 60 centimetres of snow by Saturday.
-
More than 30 bottles of scotch and tequila stolen from Guelph business
The Guelph Police Service is investigating after three people made off with $2,700 worth of alcohol from a business on Thursday.
-
Sea and Himalayan salts recalled in Canada: 'Do not use, serve or distribute'
Two brands of sea and Himalayan salt are being recalled in Canada due to pieces of plastic found in the products.
Windsor
-
2.99% tax increase in proposed 2025 Windsor budget
The proposed 2025 City of Windsor budget includes a 2.99 per cent tax increase.
-
-
'It was a privilege to work alongside him': Habitat for Humanity Windsor-Essex joins worldwide memorial for Jimmy Carter
Habitat for Humanity Windsor-Essex is joining a worldwide memorial for late U.S. President Jimmy Carter.
Barrie
-
King Twp. man wanted for an alleged attempted murder
Police are searching for a man they believe is armed and dangerous.
-
Fail-to-remain driver busted hours after collision
A Cambridge man was busted in Caledon for a Brampton collision.
-
Barrie's Canada Post workers delivered during snowstorm
Barrie postal workers delivered mail during red alert warning from head office.
Vancouver
-
Prince George RCMP seek witnesses after B.C. Highway 97 weigh scales blaze
Police in Prince George, B.C., are investigating an arson at the weigh scale facility on Highway 97, and are calling on the public for assistance.
-
Charges laid after child porn investigation that 'spanned several different countries,' Kelowna RCMP say
Police in Kelowna say an international investigation has led to child pornography charges against a 46-year-old man.
-
Suspect sought after taxi stolen at knifepoint from B.C. airport
Mounties in northern British Columbia are searching for a suspect who allegedly stole a taxicab at knifepoint from the Prince George International Airport on Christmas Day.
Vancouver Island
-
Woman, 63, dead after collision on Vancouver Island
A 63-year-old woman is dead after the car she was driving collided with a truck on southern Vancouver Island.
-
Museum of whale skeletons, painstakingly rebuilt over years, consumed by B.C. fire
It takes years to rebuild a whale. Just ask Jim Borrowman, co-founder of the Whale Interpretive Centre museum that housed numerous whale skeletons on the boardwalk of Telegraph Cove on Vancouver Island.
-
Suspect sought after taxi stolen at knifepoint from B.C. airport
Mounties in northern British Columbia are searching for a suspect who allegedly stole a taxicab at knifepoint from the Prince George International Airport on Christmas Day.
Winnipeg
-
Proposed Winnipeg Costco could be growing in size
The footprint for the new Costco planned in Winnipeg could be growing.
-
Man jumps from moving vehicle to escape robbery of high-end shoes: Winnipeg police
Two men from Saskatchewan have been charged after another man had to leap from a moving vehicle during an attempted robbery.
-
Antisemitic graffiti sprayed on Winnipeg community centre
For the second time in the span of a month, a Winnipeg community centre has been hit with antisemitic graffiti.
Calgary
-
5,600 Olympic Plaza bricks were saved, being returned to those who purchased them
The City of Calgary is in the process of giving back thousands of bricks saved from Olympic Plaza ahead of the aging infrastructure's overhaul.
-
Third person charged with first-degree murder in Lethbridge motel death
A third person has been charged with first-degree murder after a woman was found dead in a Lethbridge motel room over the weekend.
-
Calgary woman stranded in Mexico after husband's death during diving trip
A Calgary woman is struggling to return home after her husband died while diving in Mexico, leaving her stranded and facing financial hardship.
Edmonton
-
Homicide investigation underway after woman found dead on Edmonton riverbank
Police have identified a woman who was recently found dead on the shore of the North Saskatchewan River in Edmonton.
-
Nenshi announces run for Edmonton-Strathcona seat to 'go head-to-head' with Smith
New Alberta NDP Leader Naheed Nenshi says he is aiming to join the legislature to "go head-to-head" with Premier Danielle Smith.
-
Edmonton police rule October death of man in central Edmonton 'suspicious'
Edmonton Police Service is investigating the suspicious death of an Edmonton man in October.
Regina
-
CTV Regina's top trending stories of 2024
Whether it was hard news or light-hearted features, the year of 2024 hosted some very compelling stories – with several being widely shared online and reaching new audiences.
-
Extreme cold warning blankets central, southern Saskatchewan
Saskatchewan's two largest cities are under an extreme cold warning Friday morning as wind chill values near -40 C along with temperatures in the -30 C range are expected to hang around through the weekend.
-
Charges stayed for Saskatchewan officer accused of negligence after in-custody death
Charges have been dropped against Saskatchewan police officer accused of negligence in the death of a man in custody.
Saskatoon
-
Charges stayed for Saskatchewan officer accused of negligence after in-custody death
Charges have been dropped against Saskatchewan police officer accused of negligence in the death of a man in custody.
-
Saskatoon police investigating stabbing incidents that left 3 men seriously injured
Saskatoon police are investigating multiple stabbing incidents that left three men seriously injured.
-
Extreme cold warning blankets central, southern Saskatchewan
Saskatchewan's two largest cities are under an extreme cold warning Friday morning as wind chill values near -40 C along with temperatures in the -30 C range are expected to hang around through the weekend.
