Loblaw to invest more than $2 billion in the Canadian economy, creating thousands of jobs and opening more than 40 additional stores
The Company's capital investments this year are expected to create more than 7,500 jobs in
"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,
For decades, Loblaw has made significant investments in the Canadian economy. This year's investment is in addition to more than
This News Release contains forward-looking statements about the Company's capital expenditure plans and their impact. Forward-looking statements reflect the Company's estimates, beliefs and assumptions, which are based on management's perception of historical trends, current conditions and expected future developments, as well as other factors it believes are appropriate in the circumstances. The Company's estimates, beliefs and assumptions are inherently subject to significant business, economic, competitive and other uncertainties and contingencies regarding future events and, as such, are subject to change. The Company can give no assurance that such estimates, beliefs and assumptions will prove to be correct. Numerous risks and uncertainties could cause the Company's actual results, and the impact of the capital expenditures described in this News Release, to differ materially from those expressed, implied or projected in the forward-looking statements, including those described in the Company's MD&A in the Company's 2022 Annual Report and in the Company's 2022 Annual Information Form for the year ended
Loblaw's purpose is to help Canadians live life well. It makes good food affordable, health, beauty and wellness accessible, saving for the future possible, and essential style achievable.
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