Canada: Business-Friendly for Investors

Target Corp. TGTthe second-biggest discount retailer in the U.S., agreed to buy store leases in Canada for C$1.83 billion ($1.85 billion) to expand outside the U.S. for the first time in its history. The leasehold interests apply to as many as 220 sites now run by Zellers Inc., a unit of Canadian department-store chain Hudson's Bay Co., Minneapolis-based Target said today in a statement. Target plans to open 100 to 150 sites in Canada in 2013 and 2014.