Walmart Canada’s Plans to Invest $6.5 Billion in New Stores and Sell Fleet Business Over Five Years

January 30, 2025 TruthUSA

Walmart Canada has announced that it plans to invest $6.5 billion over the next five years in the opening of numerous new stores.

This commitment represents the largest investment the retailer has made since its entry into the Canadian market 30 years ago, although they did not disclose the exact number of locations planned.

The company has revealed that new stores in Port Credit and Oakville, Ont., are scheduled to open later this year, along with a distribution centre in Vaughan, Ont., set for launch in 2025. Additionally, three new stores in Calgary, Edmonton, and Fort McMurray, Alta., are expected to open by 2027.

Simultaneously, Walmart Canada has announced that Canada Cartage will acquire the retail giant’s fleet service responsible for transporting products from suppliers and distribution centres to stores. The terms of the deal, including its value, structure, and closing date, have not been disclosed by Walmart Canada spokeswoman Sarah Kennedy.

Kennedy confirmed that no staff from the company’s fleet service division will be laid off following the sale, as Canada Cartage will be absorbing these employees upon the deal’s completion.