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How is Canada's economy?

13 Jul 2022 By PAYCEC

According to Investopedia , Canada has the ninth-largest economy in the world as of 2020, with a GDP of $1.64 trillion in USD. Canada’s economy is highly dependent on international trade with exports and imports of goods and services each comprising about one-third of GDP.

Facts on e-commerce in Canada :

- The initial gap for e-commerce sites in Canada was utilized by major U.S. players.

- Canadian shoppers preferred online to in-store shopping, especially high-end products from domestic retail Canadian e commerce websites.

- Credit cards have been the preferred payment method for online shopping for several years.

- Canadians are happy to use more sophisticated and non-traditional payment methods.

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