In 2023, the e-commerce share of retail sales in Canada stood at 10.3%. Based on forecasts, this share is expected to grow steadily over the next five years, reaching 11% in 2024, 11.7% in 2025, 12.5% in 2026, 13.2% in 2027, and 13.9% in 2028. Year-on-year, the variations show a consistent annual growth of around 0.7 percentage points from 2024 to 2028. Over the five-year forecast period, the Compound Annual Growth Rate (CAGR) is approximately 6.2%.
Future trends to watch for include the integration of emerging technologies such as AI and augmented reality to enhance online shopping experiences, an increasing focus on sustainable and ethical e-commerce practices, and the potential impact of regulatory changes on digital transactions and consumer protection.