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article imageCanadians embrace Black Friday, Cyber Monday deals

By Justin Crann     Dec 2, 2011 in Business
Canadian shoppers are readily embracing the shopping traditions of their cross-border counterparts, according to new data released by Canada's leading debit and credit processor.
New numbers released today by Moneris Solutions show that Canadian consumers spent over eight per cent more on Black Friday (Nov. 28) than they did in 2010, and over 15 per cent more on Cyber Monday.
The release follows earlier reports that more consumers were shopping at their local stores, rather than taking charter buses across the border.
The numbers confirm that a push by Canadian businesses to keep shoppers on this side of the border was successful.
Even still, American retailers are far from hurting: preliminary figures from three separate firms reflect record spending south of the border, according to BGR.
Though 2011 was already expected to be a strong season for retailers, these numbers would suggest a stronger than predicted holiday shopping season could be underway, in spite of the efforts of some Occupy protesters.
More about Black friday, Cyber monday, Canadian business, Canada economy, Holiday shopping
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