The world's biggest retailer says the initiative will create more than 14,000 jobs when factoring in store employees, as well as trade and construction jobs.
Included on the list of stores are 39 former Zellers locations that Walmart purchased last year.
The move comes as competition on the Canadian retail market heats up with the entry of fellow discount retailer Target next year.
The company plans to open 125 to 135 stores including one in McAllister Place where Zellers is now.
