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Home Why is Canada important to the world?
13 Jul 2022 By PAYCEC
Canada is important to the world as it ranks third in the world in proven oil reserves and is the world’s fourth-largest oil producer. Canada is a member of the United Nations, through which it has participated in many peacekeeping missions. It is also a member of NATO and the Commonwealth of Nations.
According to the IMF, Canada’s economy is forecast to grow by 3.9% in 2022 and 2.85 in 2023. According to CBC , around 30% of Canadians now do their grocery shopping online, double the figure from before lockdown. Talking to eMarketer , Toronto-based retail analyst Marina Strauss predicted that the pandemic will permanently alter Canadian’s shopping habits: bad news for brick-and-mortar stores but good news for e-commerce merchants.
The Canadian market for payment methods is dominated, though not overwhelmingly, by cards. Canadians are even more fond of credit cards than Americans. 66% of all online purchases are paid for by card, but that doesn’t mean that payment alternatives aren’t significant in Canada.
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