Advertisement

Canada on track for record online shopping year due to coronavirus pandemic

Click to play video 'Coronavirus: COVID-19 drives surge of online shopping' Coronavirus: COVID-19 drives surge of online shopping
WATCH: COVID-19 drives surge of online shopping – Jul 24, 2020

Statistics Canada says online sales are set to hit a record this year, amid limits on in-person shopping during the COVID-19 pandemic.

The new data is in line with Statistics Canada’s estimates from the spring, when retail e-commerce sales more than doubled from February to May.

Read more: Lockdowns ahead of Black Friday a blow to small retailers

The agency says online shopping fell this summer from its high of $4 billion in May, as more stores opened to in-person shopping.

Nonetheless, Statistics Canada says that 2020 could beat 2019’s online shopping sales of $305 billion, a figure that has more than doubled since 2013.

Click to play video 'Small businesses struggling to meet bottom line in COVID-19 pandemic' Small businesses struggling to meet bottom line in COVID-19 pandemic
Small businesses struggling to meet bottom line in COVID-19 pandemic – Nov 22, 2020

Meanwhile, several Canadian retailers, including Le Chateau, Mountain Equipment Co-operative, GNC Holdings, and Aldo, have filed for bankruptcy protection this year, and local municipalities across Canada are once again tightening restrictions or even banning in-person shopping.

Story continues below advertisement

The report says that up until last year, online sales represented about eight per cent of revenue for Canadian businesses with five or more employees.