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The forecast: Ecommerce sales in Canada will reach $79.80billion in 2022, up 10.4% year over year (YoY).
We expect ecommerce growth to remain in the double digits through 2023, and reach $104.77 billion by 2025.
Dive deeper:
Canada’s ecommerce growth was stronger than in the US in 2020 and 2021, but it will fall below the US in 2022.
In 2021, the number of digital buyers in Canada surpassed 25 million, which we had originally predicted to happen in 2023. By then, 80.1% of Canadians will be digital buyers.