On Champagne, the LCBO is so stuffed with inventory it has enough to last through all of 2009 without ordering any new product. I've seen only a couple deals on champers, but I'm banking on further price reductions.
An agent I chatted with last week believes the LCBO will sit on most of the 2005 Bordeaux it still has, and re-release them 3-5 yrs from now, when markets recover and people go back to paying inflated prices for claret (I'm sure that will happen).
You're far more likely to see deals on Bordeaux from less-trumpeted years like '99, '02 and '04. As for the so-called "sales" on some '05s, yes, the LCBO prices are usually higher, forex adjusted, than the average regular US selling price. When I see that, I don't buy.