Online sales in Canada hit $62.7 billion in 2007

OTTAWA – Online sales in Canada increased at a double-digit pace for the sixth consecutive year in 2007, Statistics Canada announced today. Total private and public sector Internet sales hit an estimated $62.7 billion last year, up 26% from 2006, according to Statcan. However, e-commerce still represents a relatively small fraction of total economic activity. In 2007, online sales of private sector firms accounted for just under 2% of total operating revenue, although this was still an increase from less than 1% five years earlier, Statcan said. Furthermore, while online sales increased, the proportion of private sector companies that reported...