Loblaw up after announcing $1.75 billion store investment
ReutersFeb 23, 2026 5:22 PM
Shares of Canadian retailer Loblaw L.TO up 2% at C$68.61
Co to invest C$2.4 billion ($1.75 billion) in 2026 to boost its store network and supply chain
Move would create about 9,700 jobs related to retail and construction
Plans to open 70 new stores through 2026
Compares to an investment of C$2.2 billion in the previous year
Stock rose 31% in 2025
($1 = 1.3686 Canadian dollars)
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