Walmart Canada has unveiled a $6.5 billion investment plan to expand its presence across Canada. The initiative will fund the construction of new Supercentres, upgraded distribution centers, and advanced technology,

Walmart Canada has announced plans to invest $6.5 billion over the next five years to build dozens of new stores.

Walmart Canada said on Thursday it is investing about C$6.5 billion ($4.51 billion) to build new stores and expand its supply chain, marking its biggest ever investment since opening its first store nearly 30 years ago.

Walmart plans to build dozens of new stores across Canada in the next five years. Walmart Canada announced a $6.5 billion investment over the next five years as the company plans to further accelerate growth in Canada.

As part of the initiative, the retailer plans to open a distribution center in the spring and five supercenters by 2027.

Walmart Canada is spending CAD $6.5 billion over the next five years to grow its store network and supply chain. The retailer said Thursday (Jan. 30) it plans to build "dozens" of new stores across the country, beginning with five Supercentres in Ontario and Alberta by 2027.

Canadian unit said Thursday it will spend C$6.5B to ($4.51B) over the next five years to expand in the country by opening new stores and explaining its supply chain. Walmart Canada said on its website it will open “dozens” of stores across the country,