/
1x
Advertisement
Proudly Canadian, obsessively Toronto. Subscribe to Toronto Life!
Style

Target’s prices in Canada are going to be higher than in the U.S.

By Frances McInnis
Copy link
A nearly-finished Target Canada store (Image: Facebook)
A nearly-finished Target Canada store (Image: Facebook)

Bad news: when Target’s first wave of Canadian locations opens this spring, the merchandise will be more expensive than in U.S. stores. Target Canada president Tony Fisher told the Globe and Mail that prices will be set to stay competitive with other Canadian retailers, not U.S. ones. We’re not all that surprised; Canada’s steeper tariffs and fewer economies of scale mean local shoppers are used to paying a little more than Americans. That said, Target is already well-known as a discount store to legions of cross-border shoppers who’ve been exploiting the loonie’s near-parity with the U.S. dollar for years—which means they’ll likely get angry in a hurry once they notice discrepancies. Just ask J.Crew. [Globe and Mail]

NEVER MISS A TORONTO LIFE STORY

Sign up for This City, our free newsletter about everything that matters right now in Toronto politics, sports, business, culture, society and more.

By signing up, you agree to our terms of use and privacy policy.
You may unsubscribe at any time.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Advertisement
Advertisement

Big Stories

Inside the rise and fall of the Vaulter Bandit, the 21st century’s most notorious bank robber
Deep Dives

Inside the rise and fall of the Vaulter Bandit, the 21st century’s most notorious bank robber

Inside the Latest Issue

The June issue of Toronto Life features our annual ranking of the best new restaurants. Plus, our obsessive coverage of everything that matters now in the city.