With over one month to go before Christmas, many Canadians are looking to score some deals before it’s time to exchange gifts.
A new Leger survey, done for UPS Canada, finds about 45% plan to take advantage of American retail deals, either from the comfort of their own homes, or by piling into the car for a cross-border road trip.
That number is up from last year, when about two-thirds of Canadians stayed home, due primarily to a lower dollar.
Canadians are expecting to save about $173 by shopping in U.S. stores. 78% say they expect to find merchandise they can’t find in stores here.
A lower loonie and preference to supporting the local economy are some of the reasons given by those choosing to spend their money on this side of the border.
“In between 2014 and 2015, we saw a big drop in the Canadian dollar which likely deterred people from shopping in the U.S. Now that the dollar has stabilized, consumers are more inclined to get back to seeking out big deals south of the border.” – Craig Calvert, Director of Customer Solutions, UPS Canada. “With regards to Canadian retailers, it’s not surprising that more than half of respondents shopping within Canada are shopping online. We continue to see an increase in e-commerce, which plays a key role in the growth and success of Canadian small and medium sized businesses. In addition to having user-friendly platforms, local retailers should ensure they are equipped to manage customer shipping expectations, which include using a trusted courier and keeping costs transparent.”
UPS says it’s expecting to deliver about 700 million packages between Black Friday and New Year’s Eve, which would be a 14% increase from the same time last year. It’s anticipated the week of December 19th, right before Christmas, will see some 30 million packages being delivered.