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Walmart to Buy 13 Former Target Canada Stores and a Distribution Centre

(Canadian Press)

Walmart is buying 13 of the former Target Canada stores, along with a distribution centre in Cornwall, Ont.

Walmart Canada says it will spend about $165 million for the leases and properties and a further $185 million on renovations.

The $350-million plan is subject to court approval, as part of Target’s exit from the Canadian market. Click here to read more.