However, the deal was met with objections from Rona shareholders (particularly the Caisse de dépôt et placement du Québec) and operators of its franchised locations over concerns that the company could centralize its supply operations in the United States, and was eventually called off. In 2012, Lowe's attempted to buy Rona, Inc., a Quebec-based hardware chain. On May 11, 2015, Lowe's Canada announced that it would acquire the leases of 13 former Target Canada stores, as well as an Ontario distribution centre, for $151 million. In February 2013, Lowe's Canada hired former Walmart Canada and Loblaw Companies executive Sylvain Prud'homme as CEO.

Each store represented an average investment of $20.5 million (US$20.4 million). In 2018 Lowe's had 62 locations in Canada, with stores in British Columbia, Manitoba and Saskatchewan. One of the three locations opened in late September 2010. Lowe's also expanded into western Canada, starting with three new stores in Calgary, Alberta. On February 1, 2008, they opened three more stores in Toronto, East Gwillimbury, and a second store in Brampton as well as a new location in Maple (Vaughan). Lowe's opened its first three stores in Canada on December 10, 2007, in Hamilton, Brampton and Brantford. According to its website, Lowe's has operated/serviced more than 2,355 locations in the United States, Canada, and Mexico alone, although the Mexican stores were closed in the late 2010s. The first store outside the United States was in Hamilton, Ontario, Canada. Following the completion of the sale in 2023, Sycamore began to phase out the Lowe's brand in Canada, replacing it with the new Rona banner Rona+. In November 2022, Lowe's announced that it would sell its Canadian operations to Sycamore Partners for $400 million. Some of Rona's locations were converted to the Lowe's banner. for CDN$3.2 billion, assuming control of its store banners and relocating its operations to Rona's headquarters in Boucherville, Quebec. In 2016, the company acquired its Canadian rival Rona Inc.

The Lowe's chain began an expansion into Canada in 2007, beginning with locations in Ontario, and later expanding into other provinces. was the Canadian subsidiary of American home improvement chain Lowe's.

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