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Target Is Leaving Canada

It's Official: Target Out Of Canada
CP

Target is pulling out of Canada.

The Minneapolis-based retailer announced Thursday morning it has filed for creditor protection with the Ontario Superior Court of Justice,

"Personally, this was a very difficult decision, but it was the right decision for our company," Target CEO Brian Cornell said in a statement.

Target employs 17,600 people in 133 stores across Canada.

The company had racked up losses of $2.1 billion in the few years it was had operations in Canada.

More to come...

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