Target Corp. and Wal-Mart Stores Inc. plan to hire tens of thousands of workers in Canada over the next two years, increasing pressure on domestic retailers from Sears Canada Inc. to Canadian Tire Corp Ltd.

Target, the second-largest U.S. discount retailer, will hire as many as 27,000 people in Canada next year for its first stores in the country, while Wal-Mart said it plans to add 4,000 employees this year, about 500 more than it initially forecast.

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