date:Nov 14, 2013
year to be more challenging than the second half.
Montreal-based Metro, Canada's No. 3 supermarket operator, said expanding U.S. retailers provided intense competition, especially in the populous province of Ontario.
In response to the competition, Metro plans to invest nearly C$250 million ($240 million) in Ontario in 2014.
Overall, we view Metro's results as disappointing ... and price investments will inevitably be required for Metro to defend its market position, said BMO Capital Markets