Loblaw Companies Limited expects to invest more than $2 billion dollars into the Canadian economy in 2024. This record investment reflects Loblaw's commitment to enhancing its store network, creating job opportunities, and improving accessibility to affordable food and healthcare services for communities across the country. The Company's capital investments this year are expected to create more than 7,500 jobs in Canada, reinforcing Loblaw's position as a major contributor to Canada and its economy.

Part of the Company's investment will be in its store network, with plans to build more than 40 new stores, expand or relocate another 10 and renovate more than 700 others.