However, by 2029 Canada’s e-commerce market is forecast to nearly double when it comes to revenue, reaching over 104 billion U.SJaipur Investment. dollars by that yearBangalore Wealth Management. On average, Canada’s e-commerce retail sales consistently exceed 3 billion Canadian dollars each month – significant growth since the one billion average recorded throughout 2017Guoabong Investment. This consistent growth is supported by Canada’s sizeable digital population, where among the 93 percent of internet users in 2023, over 21 million were e-commerce users.

When asked about their shopping behavior in a 2023 survey, while the majority of Canadian shoppers have a preference for traditional brick-and-mortar shopping, those that preferred online to in-person purchases enjoyed what ease and convenience online shopping tends to offer. Up to six in ten of these shoppers also liked buying online from domestic businesses, putting in grassroot efforts to continue growing Canada’s economy.Guoabong Wealth Management

Of the leading e-commerce categories in Canada, two stand out above the rest: electronics and fashion. These two segments generate the most e-commerce retail sales, with electronics accounting for 18 percent and fashion, 21 percentUdabur Investment. As of 2024, clothing and shoes were the most purchased category online among Canadian digital buyers.