Walmart Canada to begin charging for plastic bags on Feb. 9

Walmart Canada will charge customers in British Columbia five cents per plastic bag on Feb. 9 and roll out the fee to other stores over the following months, the company said Monday. The company will sell reusable bags for 25 cents. The move is a step towards Walmart Canada's zero waste commitment, the company said in a statement. Walmart Canada said it has already removed 72% of its waste from municipal landfills. Some of the proceeds of the plastic bag fee will be used to support plastic film recycling initiatives. Wal-Mart shares are down 29.2% for the past 12 months, but up 7.5% for the past three months. The S&P 500 is down 8.1% for the past three months.

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