Target shopping carts await customers outside a Target department store.
Credits: REUTERS/MIKE BLAKE
"It will be a new shopping opportunity and create jobs," Moore said Tuesday while making a stop in Toronto to pledge $26 million for youth programming.
"It will create new shopping opportunities. I'm not against foreign investment. I have an obligation to take a look," added Moore, who initiated the review. "A very quick look. I don't believe in obstructing investment."
Target plans to open about 130 stores in Canada in the spring of 2013.
Moore's $26-million financial announcement, meanwhile, was aimed at providing youth the opportunity to connect with their peers and learn more about Canada.
"Our government is offering young people the opportunity to connect with one another, exchange ideas, and explore their potential while experiencing what our communities have to offer," Moore said.
"We are proud to invest in successful, affordable youth programs that give our young people the chance to learn about what makes us Canadian and will contribute to the strength of our country."
The program will help youth learn about history, heritage, civic engagement and arts and culture.
The funding will help the YMCA initiate exchange programs and address health issues like childhood obesity, poverty and school dropout rates.
"The YMCA of Greater Toronto places great value on our partnership with the government of Canada," said Medhat Mahdy, president of the YMCA in the GTA.
"Funding allowed us to provide access to leadership, empowerment, voice and engagement opportunities to all youth nation-wide."