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Posted AT 6:24 AM EST on 09/07/08

Jean Coutu backs off on Ontario expansion

BERTRAND MAROTTE

From Wednesday's Globe and Mail

MONTREAL — Jean Coutu Group (PJC) Inc. is putting on hold plans to expand out of its Quebec home base into Ontario."The time is not right to move into Ontario," François Coutu - the drugstore chain's president and chief executive officer - said after the company's annual meeting yesterday.

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