Canada has been hit hard by the global financial crisis and has been struggling to find a way to pay for goods and services that it doesn’t already have.
Amazon Canada is one of the few major retailers still in business.
It’s been selling things like Amazon Prime, and the Prime Club, and it’s even selling a new kind of car called the Amazon X. But the company is struggling to make a dent in the Canadian market, as Canadian Prime memberships have declined.
As a result, Amazon Canada has seen some of its biggest losses since the crisis.
Its profit in Canada dropped 11 per cent to $10.4 million in the first quarter of 2018, a big drop from $18.4 to $3.7 million in 2017.
Amazon was not immediately available for comment on the report.
But Amazon Canada did release a statement to CBC News, saying it was “continuing to build the Amazon retail network across Canada, as part of our ongoing efforts to expand into new markets.”
The company has also been selling cars from other Canadian cities, such as Montreal and Vancouver.
The company said the car sales in those cities have grown in line with Amazon’s global expansion.
“We continue to sell in many of Canada’s largest cities, including Toronto, Montreal, Ottawa, Ottawa-Gatineau, Winnipeg, Saskatoon, Regina, Edmonton, Calgary, Vancouver, and many more,” the statement said.
In the first three months of 2019, the company reported selling 5.4 per cent of its Canadian retail business, up from 4.6 per cent in the same period in 2018.