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Wal-Mart to spend $500 million on expansion in Canada

from The Wall Street Journal

Wal-Mart Stores Inc. will invest nearly $500 million Canadian dollars ($451 million U.S. dollars) in its Canadian operations over the next year, a move that signals a continued push by U.S. retailing giants into Canada's key grocery category. The investment will see the retailer's Canadian unit spend more than $376 million to add 35 supercenter stores, which carry everything from groceries to apparel and home décor, and house specialty services like pharmacies and garden centers. more


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