Here is a list of red wines in the economical price range that I have personal experience with. By price, I am referring to CAD as previously purchased from the LCBO (Liquor Control Board of Ontario) and now purchased from the NSLC (Nova Scotia Liquor Commission). It is astounding to see the price difference between the two Canadian provinces, due to the strong purchasing power of the LCBO and possibly influenced by higher-volume sales in the larger province of the two. It is also worth noting that some of the listed Californian red wines are lower price again when purchased in California, an experience I had a few years back. Prices as per personal buying experience from the LCBO are listed for reference (as per 2010).
$18 Californian - Robert Mondavi Private Selection Cabernet Sauvignon. Extremely good.
$16.55 Australian - Wolf Blass Cabernet Sauvignon. Very good.
$14 Californian - Woodbridge by Robert Mondavi Cabernet Sauvignon. Good.
$9 Californian - Ernest and Julio Gallo Cabernet Sauvignon. Smooth with good oak taste. Good value.
$16 Australian - Rosemount Shiraz. Very good.
$15 Australian - McWilliam's Hanwood Estate Shiraz. Very good.
$12 Australian - Lindeman's Bin 50 Shiraz. Good but not as smooth as the Rosemount Shiraz, but $4 difference.
14.99 (Jan/2011 NSLC) Californian - Woodbridge by Robert Mondavi Zinfandel. I prefer this over the Cline Zinfandel.
14.99 Californian - Fetzer Zinfandel.
$13.60 Californian - Cline Zinfandel. I prefer this over the Fetzer Zinfandel.
$7.40 Italian - Farnese Montepulciano D'Abruzzo. Pretty decent for the price. Best wine at that price. About $4 more at NSLC.
$8.95 (2009) Italian - Mezzomondo Negroamaro Salento. This was under $8 a few years ago and was the best wine at that price until supplanted by the Farnese Montepulciano D'Abruzzo.
$11.99 (July/2012 NSLC) Australian - the Little Penquin Merlot. I don't drink Merlot often but when I do, this one is my favorite with lush flavor of black cherry and strawberry, and a soft finish. A very satisfying wine at a very decent price.