April 12 (Reuters) - Loblaw Companies Ltd L.TO , Canada's
largest grocer, said it would invest about C$1 billion in its
Canadian retail business this year.
Another C$300 million will be invested by Choice Properties
REIT, whose principal tenant and largest unitholder is Loblaw.
Loblaw said the investment would be used to construct about
50 new stores and renovate 150 other stores.
The investment is expected to create nearly 20,000 jobs
through store staffing and construction, Loblaw said.