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Walmart Canada has announced a CAD 6.5 billion (approx. $4.5 billion) investment over the next five years to accelerate its growth in the country.

The company plans to open multiple new stores, starting with five 'supercentres' in Ontario and Alberta by 2027.

A new supercentre in Port Credit, Mississauga, Ontario, will open in summer 2025. This store will offer Walmart’s full product range at low prices. Another supercentre, at Oakville's Hopedale Mall, will open in late 2025, featuring a full selection of groceries and general merchandise, along with pharmacy services. By 2027, Walmart Canada will also open three more supercentres in Calgary, Edmonton and Fort McMurray.

In addition, the Vaughan Distribution Centre, Walmart Canada’s most advanced facility, will open in spring 2025 as part of the company’s efforts to modernise its distribution network.

Gui Loureiro, regional CEO of Walmart Canada, Chile, Mexico and Central America, said: “This CAD 6.5 billion investment is the largest we’ve made in Canada towards expanding our footprint since we first arrived here 30 years ago. And as Gonzalo Gebara finishes his last few weeks as president and CEO of Walmart Canada, before returning home to Argentina, I want to thank him for his strong leadership and vision in driving these growth plans.”

To support its growth, Walmart Canada has also partnered with Canada Cartage, the country's largest provider of fleet services, which will acquire the supermarket's Canadian fleet business.

Matt Kelly, VP of supply chain for Walmart Canada, added: “Canada Cartage has deep expertise in providing dedicated fleet services and has been serving Canadian businesses for more than 110 years. Through Canada Cartage we can serve customers even better and more flexibly and provide fleet employees with exciting growth opportunities at one of Canada’s largest and most trusted supply chain service providers.”

This announcement follows Walmart Canada's completion of its previous CAD 3.5 billion (approx. $2.4 billion) investment plan, which included modernizing 180 stores, opening new locations in Victoria, British Columbia, and Montreal, Québec, and investing over CAD 800 million (approx. $549 million) in new distribution centers.

Joe Schrauder, chief operations officer of Walmart Canada, commented: “Across the country we’re making strategic investments in our online and in-store offerings to be more relevant to more customers than ever before. From newcomers and urbanites to higher-income Canadians, more customers are choosing Walmart for their shopping needs."