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Black Friday Travel Costs May Keep Canadians at Home

Filed under: Budgeting & Planning, Economizer, Travel, Holidays


The question heading into Black Friday is not whether Canadians will save money shopping, but if they'll be going over the border to do it. Last November, 4.2 million Canadians hopped over to the United States, many of them to take advantage of post-Thanksgiving Day deals.


Since 2007, Canadians have been travelling to the U.S. in November in increasing numbers.But in 2012 there may be a change. For one thing, more Canadian retailers are offering deep discounts to compete with their U.S. counterparts. This year has also seen the introduction of more U.S.-based stores across Canada, including the first Marshall's franchises, the discount clothing retailer that opened in Toronto this summer. While the prices at those stores are still higher than in the U.S., their arrival brings more choice as well as more Black Friday-related marketing initiatives aimed at keeping Canadians - and their money - closer to home.

Are You Going to Participate in Black Friday Sales?
Yes - I'm heading for the border Thursday night18 (11.1%)
Yes - but only online31 (19.1%)
No - I don't think the deals are worth the hassle113 (69.8%)



BLACK FRIDAY CANADA 2012:
5 Things You Shouldn't Buy on Black Friday
Black Friday Sales: The Big Guide to Deals, Stores and Opening Times
Where to Find the Best Black Friday and Cyber Monday Deals
Survival Tips for Black Friday 2012
Black Friday Shopping Strategies
Walmart Black Friday Starts at 8 pm Thursday

Canadian Household Income: We're Better Off Than Our American Neighbours

Filed under: Budgeting & Planning, Debt, Family Finances

In the past few years, the median average for Canadian families hasn't gone up, but it hasn't gone down.

The average income for Canadians has stayed stable in the most recent analysis of incomes from 2010.

And that's better than our friends south of the border, where the recession has taken its toll on average income of couples and families.

According to Statistics Canada, Canadian family income stayed at $65,500 on average in 2010, unchanged from the previous year. Americans faced a sharp decline of 7.7% in their family income in the same time period.

So it a good thing for Canadians? If you're a two parent family or a single parent family, life has many challenges, but income has been holding steady for you too.

Why Canadian Stocks Are a Good Buy in 2011

Filed under: Budgeting & Planning, Financial Crisis, Investing

Canadian investors are in luck: our home stock market is predicted to chalk up some of the best returns in the world this year amid continued economic struggles in Europe and the United States and political turmoil in the Middle East.

"Relative to the U.S. or east Asia, Canada's equity market carries more insurance against a worsening geopolitical climate in the Middle East, in the form of a larger basket of energy stocks and safe havens like gold shares," Avery Shenfeld, the chief economist at CIBC, says in an economic report.

He says that while a diversified investment portfolio is always wise, this year it looks like Canadian stocks will offer you some of the best growth opportunities.

Canadian Business Leaders Eye Free Trade With Europe, China

Filed under: Entrepreneurship, Financial Crisis, Small Business

free tradeCanadian business leaders have come out in overwhelming support of the free trade negotiations with the European Union and say a deal with China would also be beneficial to Canada's economy.

More than 90 per cent of Canadian business executives believe Canada has benefited from existing free trade agreements (FTA), a survey of 200 senior executives by national business law firm Miller Thomson LLP showed. Canada has FTAs with the U.S. and Mexico (NAFTA), Panama, Jordan, Peru, Chile and Israel.

About 60 per cent of Canadian business leaders said free trade with the European Union should be a government priority and 37 per cent said the government needs to urgently examine Canada's trade relationship with China.

Toronto Revels in Record Tourist Season

Filed under: Employment & Careers, Travel, Small Business

touristToronto attracted a record number of tourists and made strides in a number of key tourist markets in 2010, triumphing over significant headwinds from the high Canadian dollar and weak U.S. economy.

Canada's largest city welcomed more than 10 million overnight visitors during the year with the number of hotel rooms sold reaching over 8.93 million, the highest level ever, according to Tourism Toronto. These tourist spent a combined $4.5 billion, providing a significant source of income for local businesses.

The success has been a boon for Toronto, which outshone Vancouver despite that city playing host to the 2010 Winter Olympic and Paralympic Games.

Loonie will Stay at Par With U.S. Dollar: Flaherty

Filed under: Family Finances, Shopping, Small Business

The Canadian loonie will hover at parity with the U.S. dollar for some time to come, and deservedly so, thanks to Canada's economic strength, Finance Minister Jim Flaherty told the CBC Wednesday.

"This is a new world," Flaherty told reporters after speaking about controlling debt at a think-tank discussion at the Woodrow Wilson Center for International Scholars in Washington, D.C. The high Canadian dollar reflects a "sound fiscal situation" in Canada, he added.

Canadians Love Watching Television - Just Not Canadian Television

Filed under: Weird & Wonderful, Television

CTV has released its list of the most popular television broadcasts for 2010, revealing the TV watching habits of Canadians.

So what is it we like to watch? Turns out it is sports, more sports, and a bit of celebrity. But what's missing from the list is just as telling. What don't Canadians like to watch?

Unfortunately, the answer is Canadian TV shows.

With the exception of the Vancouver 2010 Winter Olympics which dominated the year -- even if it was just a one-off historical blip -- only four Canadian broadcasts in a list of 70 programs made it into CTV's list of most watched TV shows and events. No homegrown sitcoms made the list.

The two best performing Canadian broadcasts were both sports related. The Grey Cup garnered a respectable turnout of 5,027,200, making it the fourth most watched broadcast of the entire year (excluding the Olympics). Meanwhile, the IIHF World Junior Hockey Championship twice made it into the list of most watched sporting events for 2010 -- once for the gold medal game vs. the U.S., and also for the playoff against Switzerland. Even so, it came in behind the Superbowl showdown between New Orleans and Indianapolis with an audience of 6,297,400.

U.S. Real Estate For Canadian Buyers

Filed under: Investing, Loans, Retirement and RRSPs, Taxes, Travel, Real Estate, Your Home

Buying a home is a daunting task, let alone buying one in another country. Yet a good number of Canadians relish the chance to own their little plot of somewhere else, particularly if that plot lies baking beneath the nice warm sun.

The biggest market without question for Canadians seeking overseas property is the United States, and more specifically, Florida and Arizona. The depressed housing market south of the border has opened up more opportunities for Canadians eyeing a piece of the pie and that looks like something set to continue according to a TD Bank survey that shows that more than one-third of Canadian boomers are considering buying real estate there.
The U.S. media has noticed a rise in the number of Canadians buying property, further expanding what is already their biggest foreign ownership group. (Read Five Reasons Why Canadians Are Snapping Up U.S. Real Estate.)

Buying property in the U.S. is not as complicated as many think. The first thing to consider is how to finance the purchase.

Five Reasons Why Canadians Are Snapping Up U.S. Real Estate

Filed under: Investing, Loans, Real Estate, Your Home

Real Estate EstateCanadians have long had an interest in U.S. real estate, especially in sunny vacation spots in Florida and Arizona. It is rare though for such a great window of opportunity to open as it has now.

Whether you are looking for a vacation home or an investment, here are five reasons why now is a good time to buy Stateside:
  • More Americans Are Renting. The housing crash in the U.S. combined with the financial crisis and recession have caused a great number of people to give up the "American dream" of owning a home. According to newspaper USA Today, 72% of Americans surveyed in August said home ownership was part of their dream, down from 77% at the beginning of the year. Greater demand for rental property has helped push rental returns higher in some U.S. cities, particularly for homes with three or more bedrooms. You can search historical rental rates at Rentbits.com.
  • The Canadian Dollar Is Strong. The loonie has been hovering at just below parity with the greenback with the potential to break higher. The strength of the loonie is above its historical average over the past 10 years of about US78 cents. The strength against the greenback makes purchasing U.S.-dollar denominated goods cheaper compared to most other times in the past, and most likely the future too.

Nissan Leaf Electric Car Coming To Canada. Will It Save You Cash?

Filed under: Budgeting & Planning, Fashion & Trends, Saving, Technology, Going Green

It's been a long time since a fully electric car has held as much promise as the Nissan Leaf. In fact, the vehicle has been garnering solid reviews and appears so promising that some governments, municipalities and electricity companies are preparing to meet the Leaf's recharging needs, anticipating that it will be the first of many viable electric cars on the market.

The Leaf will be released in Vancouver, Canada toward the end of 2011 and rolled out in other provinces in 2012. Nissan hasn't released an official Canadian price for the vehicle as yet, but the car maker has released figures in U.S. dollars, allowing us to get a rough estimate of how much the electric car will cost consumers. The early verdict looks very positive.
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