One Canadian grocery company is committing over to creating almost 20,000 jobs in 50 new stores across the country.

Loblaw Companies Limited, announced that they will invest about $1 billion into its Canadian retail business in 2016.

Photo Credit: Loblaw.

The investment includes the construction of 50 new stores, and 150 renovations to existing stores.

Loblaw is Canada's largest network of corporate and independently owned retail stores, each employing between 20 and 300 employees.

"We continue to invest in our business in ways that matter for the Canadian economy and the millions of Canadians who shop with us each week," said Galen G. Weston, Executive Chairman and President, Loblaw Companies Limited, in a statement. "Our investment will create local jobs and bring nutrition and wellness solutions closer to home."

Photo Credit: Loblaw.Galen G. Weston, Executive Chairman and President, Loblaw Companies Limited.

Loblaw provides Canadians with various services including grocery, pharmacy, health and beauty, apparel, general merchandise, banking, and wireless mobile products and services.

They currently have over 2,300 corporate, franchised and Associate-owned locations, and its franchisees, and Associate-owners employ about 192,000 employees. Because of this, it’s one of Canada's largest private sector employers. 

Photo Credit: Loblaw.