Retailer Loblaw to invest $1.55 billion in Canada in 2025, to create 8,000 jobs

Feb 19 (Reuters) - Canadian retailer Loblaw L.TO said on Wednesday it plans to invest C$2.2 billion ($1.55 billion) in renovating existing stores, opening new ones and create about 8,000 jobs this year.

The company also expects to invest more than C$10 billion over the next five years, the company said.

($1 = 1.4203 Canadian dollars)