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Loblaw to Invest C$1.2 Billion in 2026 to Open Stores, Pharmacies

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Loblaw (L.TO) plans to invest C$1.2 billion in Canada for the remainder of this year, with spending to be used on opening of new stores and pharmacies, renovating current locations, and developing new store formats.

Loblaw expects to open 75 new locations in 2026, up from 70 planned at the start of the year, the grocer said in a statement on Tuesday. The store expansions are focused on the company's No Frills and Maxi discount brands.

The capital expenditure plan is part of a Loblaw's broader C$2.4 billion program planned for 2026. The company plans to invest C$10 billion in Canada by 2030.

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