Loblaw plans to invest more than $2 billion, open more than 40 new stores and upgrade approximately 700 existing locations across Canada.

Brampton, Ont.-based Loblaw said the substantial investment underscores the company’s dedication to bolstering its store network, generating job opportunities and enhancing accessibility to affordable food and healthcare services nationwide. The capital investments this year are expected to create more than 7,500 jobs in Canada.

“This year, we are investing where Canadians need it most,” said Per Bank, Loblaw’s president and CEO, in a news release. “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.”

Loblaw is Canada’s largest grocery-store owner and operator. Its chains include Loblaws, No Frills, T&T and Real Canadian Superstore, The company also owns and operates the Shoppers Drug Mart store network and PC Financial.

Loblaw said it will also relocate 10 unspecified stores.

Picture: New Loblaws City Market store at Post Office development in downtown Vancouver.

Image: QuadReal Property Group

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