Walmart Canada is planning to invest roughly C$6.5 billion ($4.51 billion) over the next five years to build dozens of new stores and distribution centers across the country.

The initiative will start with a distribution center Ontario scheduled to open in the spring of 2025, followed by an Ontario Walmart supercenter set for the summer of 2025, a second Ontario store later that same year, and then three more supercenters in Alberta by 2027. According to a January 30 release from Walmart Canada, the distribution center will be the company's "most advanced facility" in the country. The company also announced that Canada Cartage — the country's largest fleet service provider — will be buying and operating Walmart Canada's fleet business moving forward.

“Walmart Canada is on an ambitious growth journey to serve even more Canadians – better and differently than ever before," Walmart regional CEO Gui Loureiro said. 

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Walmart Canada currently has more than 400 stores in the country, with more than 100,000 employees. The company previously invested C$3.5 billion in 2020 to modernize 180 stores, open four new stores, and build five new distribution centers in Canada. Walmart is looking to grow its brick-and-mortar footprint in the U.S. as well, with plans to build or convert more than 150 large-format stores over the next five years.