Article content

TORONTO — Amazon is Canada’s biggest e-commerce retailer by a vast margin, according to a new analysis from BMO Capital Markets.

BMO estimates the Seattle-based retailer and operator of Amazon.com and Amazon.ca generated just over $3.5 billion in Canadian e-commerce sales in 2016, up from an estimated $2 billion in 2014.

We apologize, but this video has failed to load.

tap here to see other videos from our team. Try refreshing your browser, or Amazon's Prime a more 'pressing threat' for Canadian retailers than its Whole Foods acquisition: BMO Back to video

“There is a sizable gap in Canadian e-commerce sales between the company and all the other retailers,” BMO retail analyst Peter Sklar wrote in the report.

And the top five e-commerce sites ranked in terms of sales, according to BMO’s analysis, are all subsidiaries of U.S. companies: Apple is ranked No. 2 at an estimated $1.6 billion in sales, followed by eBay.ca at $1.5 billion, Costco.ca at $771 million, and Walmart.ca at $605 million.

BMO estimates total Canadian retail e-commerce sales have reached $18 billion, based on an assumption that the top 22 retailers in Canada with at least $100 million in annual Canadian e-commerce sales account for about two-thirds of the present market.