Loblaws to spend $2B on Canadian operations in 2024

The spending includes building 40 new stores.

Canadian food and pharmacy retailer, Loblaw Companies Limited, expects to invest more than $2 billion dollars into the Canadian economy in 2024. 

This includes the construction of 40 new stores, expanding or relocating 10 stores and renovating more than 700 others. 

The company says the record investment reflects Loblaw’s plans to enhance its store network, create job opportunities, and improve accessibility to affordable food and healthcare services for communities across the country.

The company’s 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. 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. “These investments in Canada are a catalyst for job growth and the creation of countless opportunities, in our stores, in our company and with the many partners who work with us.”


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