Canadian supermarket chains face competition from U.S. discount retailers
date:Apr 25, 2013
mportant indicator for retailers, were flat for the quarter.

Metro, which operates more than 600 food stores and more than 250 drugstores in Canada, said it planned to repurchase for cancellation up to 1 million of its common shares.

The repurchase would form part of the renewed buyback program, which company announced in September.

Shares of Montreal, Quebec-based Metro closed at C$66.09 on the Toronto Stock Exchange on Tuesday.
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