cheap car seat, as then you should get this
http://www.toysrus.ca/product/index....uctId=23926926
Will last you from the time you're little one grows a bit to about 10 lbs, then this one will last you all the way til they're out of a booster seat.
A decent stroller that will grow with your little one too.
lots of wash cloths, onesies, sleepers, scratch gloves, baby caps (like a beanie), and a baby carrier. Baby carrier has saved my life from having to hold my son everywhere when we go out to the mall or somewhere, and my son loves it. When he's a bit older (2 months), bumbo and exersaucer. When he's 4+ months, Jolly Jumper.
Babies honestly don't need that much, and a lot of parents go overboard. Get him/her the essentials, and they'll be happy. We have had the above and only a handful of toys, and my son is happy as a clam. I find the older they get, the more they'll want. We didn't want to set a precedent of excess and it's not necessary.
Welcome to the club! I wouldn't trade it for the world.