Canadian online retail sales to grow at annual rate of at least 10%/year in next five years, reaching C$33.8B in 2018, up from C$20.6B this year; annual online spending to rise 37% to C$1,507: Forrester Research

LOS ANGELES , July 24, 2013 () – Canadian online retail sales are expected to grow at least 10% a year for the next five years, to C$33.8 billion (US$32.8 billion) in 2018 from C$20.6 billion in 2013, according to Forrester Research Inc., Internet Retailer reported July 23.

By 2018, online sales will comprise 10% of all Canadian retail sales, up from 7% this year, Forrester reported.

Canadians' online spending is expected to rise 37% by 2018, to C$1.507 annually, according to the report, Internet Retail reported.

The primary source of this article is Internet Retailer, Chicago, Illinois, on July 23, 2013.

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