Online advertising is expected to grow faster in Canada than anywhere else in the world over the next five years, reports Globe and Mail.

PricewaterhouseCoopers predicts that Internet advertising in the country will reach $2.03 billion (US) by 2011, representing an annual growth rate of 23.5 percent - well ahead the global average of 13.4 percent and the US 16.1 percent growth rate.

Canadian online ads are driven by the country's high percentage of broadband users, but countries like India and China are expected to gain a lot of ground on North America in the coming years.