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Explain Why Canada's Current Landscape For E-Commerce And Mobile Payments Is Booming

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1) Canada's current landscape for e-commerce and mobile payments is booming. Canada has not had the highest statistics when it comes to digital commerce, however, over the past few years retail spending online has been gradually rising. After reading an article by Canadian Business (http://www.canadianbusiness.com/innovation/canada-ecommerce-innovators/), it specifies that in 2014 only 6% of retail spending was online but the projected online retail spending for 2019 is 10%. To put these numbers into perspective in 2014 Canadian retail sales totaled $505 billion in 2014, as reported by Statistics Canada. This signifies that e-commerce and mobile payments are being utilized to shop repeatedly and that Canadian businesses are being forced to …show more content…

Technology-enabled shopping experiences are new services such as Ritual which allow consumers to skip lines at quick service restaurants, and JOIST HOME which enables them to find the right home improvement, professional contractor. Furthermore, improved payment processing platforms such as Tab Payments makes it simple and convenient to split and pay for bills at restaurants. Also, applications like Digital Retails Apps allows retailers that have the appropriate technology to process payments digitally which is both more secure and inexpensive. Correspondingly, according to https://www.emarketer.com/Article/Mobile-Payment-Users-Canada-More-Enthusiastic/1014152, smartphone users in Canada plan to use their mobile payment usage more often. Based on emarketer's article the percentage of respondents planning to use mobile payments increased from 26% to 33% from 2015 to 2016. In general, paying fees using mobile payments is getting popular and being used much more often. Overall, many millennials plan on using mobile payments more regularly in the next

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In December 1869, Timothy Eaton opened his first Toronto location, revolutionizing the Canadian retail industry, and changing Canadians’ shopping habits. The store soon became known for three things: selling goods at a fixed price and only for cash, while having a guaranteed return policy—all unprecedented practices most Toronto stores have not dared to implement . By 1907, less than 40 years after the first store was opened near East King Street, the T. Eaton Company has transformed into having two of the largest department stores in Canada . Eaton’s popularity began to spread across the country, and for over a century, the company has dominated the Canadian retail industry. Despite its immense impact and a geographic spread that paralleled

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1. Rivalry among existing competitors The retail industry is extremely competitive. Here in Canada we enjoy large well established retailers such as Hudson Bay, Costco, and Canadian Tire. According to Statistics Canada “Chain stores, defined as operating four or more locations within the same industry group and under the same legal ownership, have been incrementally increasing market share for more than 10 years” .

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In order to be a great Big Canada contest you need to be a good competitor, having amazing social skills and be able to strategize, I know that I abstain all of those skills. I love competition I have played competitive sports for all my life so I know what it takes to win a competition and work as a team. In this game you need other people to in order to make it far in the games, therefore competitive sports has taught me how to be a team player and use people to your advantage. Secondly, you need good social skills to survive in the house, I think my ability to persuade people into believing me or going with my ideas is pretty good.

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Consumers have a tendency to remember purchases made by cash or checks while purchases made by the use of a credit card are easily forgotten. Further financial education and awareness in this area may be a way to address the current financial crisis. As technology continues to evolve, consumers will operate in a society where the utilization of cash and checks becomes

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After six months of operations, and being one of the most successful world expositions of the twentieth century, Expo 67 closed October 29th, 1967. Expo 67 was held close to many Canadian hearts, it showed once again that Canada had finally come of age. It brought Canadians together and for the first time, Canadians showed mutual pride and a great deal of appreciation for all of its people, talents and accomplishments. It changed the worldview of Canada and more importantly it changed the view of how Canadians thought about Canada.

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