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Black Friday sales are designed to give you FOMO. Don’t let them [Video]

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Canadian Economy and Markets

Black Friday is here, and it’s hard to miss. Posters scream about big sales while emails flood inboxes — warning the savings are for one day only. It’s become one of the busiest shopping days of the year. But experts say it’s also a time when impulse spending can spiral out of control.

Canadians’ overall holiday spending is forecast to rise 10 per cent this year compared to last, to about $1,478 per household, according to a survey by the consulting firm Deloitte. Many consumers are looking for deals, with 48 per cent of those surveyed saying they plan to shop on Black Friday.

Annie Taurasi, who was doing some shopping at Sherway Gardens in Toronto on Monday, says she’s buying food and  skin care  products and gift cards for her family this year. She knows how good it feels to get a deal.

“I feel accomplished, really, like I could spend twice as …

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