Canada and BMO Capital Markets

BMO Capital Markets: BMO Capital Markets says Amazon.ca had $1.5 billion in sales in Canada in 2013. Its reach may be even greater if shopping from its U.S. site is included, the BMO report says. , according to Canadian Broadcasting Corporation, CBC. The BMO report points out to Amazon.cas savvy addition of new product categories, beginning in 2013 and programs geared to boost consumer loyalty. Amazon.ca dominates online retail in Canada with seven per cent of Canadian e-commerce sales, more than the combined share of Wal-Mart, Costco, Home Depot, Best Buy, Lowe and The Bay, according to research from BMO. Amazon had a head start over other retailers, lodging itself in the public imagination as a bookseller with very low prices before moving on to other merchandise. It first began business in Canada in 2002. Amazon expansion could be just what Canada e-commerce sector needs Amazon beefs up online offerings in Canada E-commerce doubles in 5 years but still a fraction of sales (news.financializer.com). As reported in the news.