Canadian e-commerce to reach $4.6 bln in 2005

Canadians will spend $4.6 bln on products and services, including travel bookings, over the Internet in 2005, a 23% increase from 2004. Online sales growth is expected to be above 20% until at least 2008, when online spending will reach an estimated $8.3 bln, according to eMarketer. Online spending in Canada accounted for 1.1% of total retail spending in the country in 2004, compared with 2% in the USA.