Walmart Canada announced a substantial investment of $6.5 billion over the next five years, set to facilitate the opening of numerous new retail stores. This move is noted as the largest investment since Walmart launched operations in Canada three decades ago. Specific new store locations include Port Credit and Oakville later this year, with additional openings planned in Edmonton, Fort McMurray, and Calgary by 2027. In a related development, Walmart Canada will transfer its fleet service operations to Canada Cartage, assuring employees will retain their positions post-transition.
Walmart Canada's $6.5 billion investment will see new stores open in several locations as part of its largest capital outlay since entering the Canadian market.
The company's investment plan includes new locations in Port Credit, Oakville, and a distribution center in Vaughan scheduled for 2025.
Despite the significant investment, Walmart Canada remains vague about the total number of new stores, emphasizing growth without providing specific figures.
Walmart Canada will transition its fleet service to Canada Cartage, ensuring no layoffs for current employees as a part of the deal.
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