Canada to review Target’s Canadian plans
Friday, April 6, 2012
TORONTO (AP) — Canada is conducting a review of retailer Target Corp.’s proposal to enter the Canadian market to determine whether books and other cultural products have enough Canadian content.
James Maunder, a spokesman for Canadian Heritage Minister James Moore, said Thursday the government is committed to ensuring that foreign investments benefit Canadians.
Target spokeswoman Lisa Gibson says that the review will focus on its planned retailing of cultural products, including books, DVDs, music and magazines.
The American retail giant is poised to begin opening the first of between 125 and 135 stores in Canada at former Zellers locations acquired from Hudson’s Bay Co.
The store openings are set to start next year.