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

MT newswire2026/09/01 11:40

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07:40 AM EDT, 09/01/2026 (MT Newswires) -- 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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The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.

华尔街见闻•2026/11/10 18:41