Lowe's to close 34 underperforming stores across six provinces

Lowe's Companies Inc. said Wednesday it will close 34 "underperforming" stores across six provinces as part of a restructuring of its Canadian business, raising hackles in Quebec over the fate of local hardware mainstay Rona. The stores include 26 Ronas, six Lowe's and two Reno-Depots spread from Prince George, B.C., to Dartmouth, N.S. "We think these restructuring actions that we announced today are going to really put us in a position for long-term growth," said chief executive Marvin Ellison.