CORRECTED-Loblaw to invest more than C$1.2 bln in Canadian business

Mon Mar 9, 2015 7:18am EDT
 
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(Corrects currency in headline to C$ from US$)

March 9 (Reuters) - Loblaw Cos Ltd, Canada's largest grocer, said it would invest more than C$1.2 billion ($953 million) in its Canadian business in 2015.

The investment includes construction projects for dozens of new and existing stores, e-commerce expansion, and continued investment in supply chain and IT infrastructure, the company said on Monday.

The investment is expected to create more than 20,000 jobs. ($1 = C$1.2591) (Reporting by Anannya Pramanick in Bengaluru; Editing by Joyjeet Das)