Amazon’s Prime a more ‘pressing threat’ for Canadian retailers than its Whole Foods acquisition: BMO

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.

“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...

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