November 13, 2008 / 4:24 PM / in 9 years

Loblaw sees capex of C$300 mln for remainder of year

TORONTO, Nov 13 (Reuters) - Loblaw Companies (L.TO), Canada’s largest supermarket chain, said on Thursday it expects capital expenditures to be about C$300 million ($244 million) for the remainder of the year.

The company also said it expects its full-year capital expenditures to total about C$700 million as it focuses on store renovations and upgrades of its infrastructure and supply chains, Bob Vaux, the company’s chief financial officer, said on a conference call to analysts. ($1=$1.23 Canadian) (Reporting by Scott Anderson; Editing by Peter Galloway)

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