LOBLAW TO OPEN MORE STORES IN QUEBEC

TORONTO (FNS) -- Loblaw Cos. here plans to open three more stores in Quebec this year and expects to open one new store there per quarter for several years, Richard Currie, president, told shareholders at last week's annual meeting here.Loblaw opened its first store in Montreal, Quebec, earlier this year.Currie said the company will invest $350 million (U.S. at an exchange rate of $1 U.S. equals $1.47

TORONTO (FNS) -- Loblaw Cos. here plans to open three more stores in Quebec this year and expects to open one new store there per quarter for several years, Richard Currie, president, told shareholders at last week's annual meeting here.

Loblaw opened its first store in Montreal, Quebec, earlier this year.

Currie said the company will invest $350 million (U.S. at an exchange rate of $1 U.S. equals $1.47 Canadian) for capital expenditures this year, close to the record amount

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