Black Friday in Canada
Black Friday is celebrated on the fourth Thursday of November every year, followed by Thanksgiving Day in the United States of America. Since 1952, Black Friday has been regarded as the beginning of the United States Christmas shopping season. There are many theories about the origin of the term Black Friday. Black Friday or Cyber Monday are not official holidays in Canada or US. This year Black Friday falls on November 25, 2022, and Cyber Monday is on 28, November 2022.
The first ever reference of Black Friday goes back to September 24, 1869, when two investors named James Fisk and Jay Gould formed the “Gold Ring” to corner the gold market and drive up the gold price on the New York Gold Exchange which caused a crash on that day. This scandal dropped 20% of the stock market and stopped foreign trade. There are other theories, like large crowds of tourists and shoppers causing high traffic in Philadelphia due to the Army-Navy game. Another prominent one is that retailers used the “Black Friday” name to indicate the day when stores finally turned a profit and the black colour was used to show positive earnings in the Ledger. Whatever the theories and facts, It is the biggest shopping season of the year since the late 1980s.
Black Friday picked up its significance in Canada in the early 1990s and it is a busy shopping season in Canada. Black Friday is not a single-day sale; most retailers in Canada offer great deals on various products and services during Black Friday week.
Cyber Monday is also associated with Black Friday, it was established in 2008 and offers consumers an opportunity to get similar holiday shopping deals online. Cyber Monday is one of the biggest online shopping days of the Year, which falls on the Monday after the US Thanksgiving. Technically Cyber Monday is an online-only Black Friday version