Canada's eCommerce scene is seeing rapid growth, with an estimated $20.1 bn in revenues in 2017. This number is expected to grow by around 42% to a staggering $28.6 bn in 2021.
Source: Statista
Though Canada covers a lot of territory, the population is relatively small: recent estimates put the Canadian population at 36.68 million. This is a mere 11% of the size of the neighboring US population. Taking this into account $20.1 bn in eCommerce spending is quite impressive.
According to Amazon.ca, the best-selling product categories are:
Electronics
Movies and TV Shows
This opens up an opportunity for sellers to sell on Amazon.ca with a local Canadian receiving account for Canadian dollars. Funds received via Amazon.ca to your CAD receiving account will be available in your Payoneer account for you to access at any time; you can withdraw them to your local bank in your local currency whenever you wish.
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