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Empresas y finanzas

Wal-Mart says to invest C$340 million in Canada


    (Reuters) - Wal-Mart Stores Inc said it would invest about C$340 million ($269.16 million) to boost its presence in Canada this fiscal year.

    The move comes less than a month after rival Target Corp said it would exit Canada.

    Wal-Mart said it would spend about C$230 million of its planned investment on 29 supercenters, including the expansion of several stores to add full grocery departments.

    Wal-Mart 's current fiscal year ends on Jan. 31, 2016.

    (Reporting by Swetha Gopinath in Bengaluru; Editing by Saumyadeb Chakrabarty)