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Amazon Grabs Lead In Canada's Online Retail Market

October 14, 2014: 12:00 AM EST

Amazon.com's Canadian unit, Amazon.ca, became the leading online retailer in the country, according to stockmarket analysts at BMO Capital Markets. Data revealed the online retailer is drawing about 5 million shoppers to its website on a monthly basis. BMO said Amazon has doubled its share of total site visits among Canadian Internet users, with growth driven by the company's introduction of new products, such as the Prime subscription delivery service, in the country. Although online sales accounted for only 5.2 percent of the $480 billion total retail spending in Canada in 2013, that share is growing 17 percent a year and is expected to reach 7.4 percent by 2017, according to market research firm eMarketer.

Jamie Sturgeon , "Amazon jumps out to lead in Canada’s online shopping wars", Global News, October 14, 2014, © Shaw Media Inc.
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