Cape Breton Island 
Loblaw Companies Limited plans to invest $2 billion in Canada this year.
Loblaw Companies Limited
The country’s leading food and pharmacy retailer says the investment includes opening 40 new stores and is expected to create more than 7,500 jobs in Canada.
“This year, we are investing where Canadians need it most. We will introduce more than 40 new discount stores and 140 new pharmacy care clinics in communities across the country – making healthcare and affordable food more accessible to more people,” said Per Bank, President and CEO, Loblaw Companies Limited.
Per the news release, Loblaws also plans to expand or relocate another 10 and renovate more than 700 others.
Loblaws invested the same amount last year and says the total investment exceeded $10 billion since 2016.
Loblaw operates an extensive network of 2,500 stores, making it the largest private sector employer in the country. The company’s diverse offerings span across essential services, including food, pharmacy, beauty, apparel, and financial services, delivered through a portfolio of popular brands: President’s Choice, No Name, Loblaws, Shoppers Drug Mart, No Frills, Real Canadian Superstore, T&T, Joe Fresh, PC Express and PC Financial.
Its PC Optimum loyalty program, with over 18 million members, is among Canada’s most popular rewards programs.
