Nov 27, 2015
By Jane Brown
The malls in Toronto are opening early today for Black Friday. Both the Toronto Eaton Centre and Yorkdale Mall open at 7am, three hours earlier than normal and close 90 minutes later than usual tonight at 11 o’clock. Sherway Gardens is open between 8am and 10pm and Vaughan Mills opens between 8am and it’s usual 9pm.
Black Friday is an American tradition when retailers offer deep discounts the day after U.S. Thanksgiving. But its been growing in popularity in Canada in recent years, as retailers here try to keep up with their U.S. counterparts in an effort to keep Canadians spending their money at home.
There’s also a protest movement growing to rename Black Friday, Buy Nothing Day, in an effort to combat excessive consumerism.
Todd Green is with the Goodman School of Business at Brock University in St. Catharines. He told Zoomer Radio’s Goldhawk Fights Back, the philosophy around Black Friday has many shoppers hooked.
“Some shoppers could say…it helps the retailers, it helps me. Maybe you could make the argument that it’s good for the economy…On average, consumer spending is about 70 percent of the GDP (gross domestic product), so maybe see it as good signs for the economy if a lot of money is spent,” Green explained.
And if you don’t get the deals today on Black Friday, the upcoming Cyber Monday on November 30th, offers the same kind of deals online.