Walmart Canada says it will spend $6.5 billion over the next five years as it opens dozens of new stores.
The retailer says the investment is the largest it has made since it entered Canada 30 years ago, but wouldn’t say exactly how many locations it will span.
It says new stores in Port Credit and Oakville, Ont., will open later this year, while a distribution centre in Vaughan, Ont., is also expected to launch in 2025. Three new stores Calgary, Edmonton and Fort McMurray, Alta., are due to open by 2027.
The news came as Walmart Canada also said Canada Cartage would purchase the retail giant’s fleet service, which was responsible for getting products from suppliers and distribution centres to stores….