MONCTON – The CEO for the Greater Moncton Chamber of Commerce says the low Canadian dollar has been a boost for local businesses, keeping many at home on Black Friday.
Carol O’Reilly says more people are shopping in Canada where they can get more for their money.
“This year it’s phenominal,” she said. “With the dollar where it is now what we’ve been hearing people are going to shop in the Greater Moncton area or Halifax or other larger centres for shopping.”
The dollar is at about 75 cents on the U.S. dollar. That means Canadians are losing out by shopping in the United States.
Marley Lawrence lives about 15 minutes from the U.S. border. But she says she came to Moncton for better deals on Black Friday.
“You can more bang for your buck in Canada right now,” she said.
Local merchants say they’ve been noticing an increase.
Georgio Paulin runs Sounds Fantastic in Moncton, selling electronics and stereo equipment.
He says the market favours Canadian stores.
“We have seen some price hikes in the market this year however they have not reflected the 30 per cent difference in pricing,” he said.
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