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The mechanics of a Canadian issuer bid turn on a narrow regulatory corridor.
A company may repurchase its own shares on the open market only within parameters set by the Toronto Stock Exchange, only for a defined window, and only outside restricted trading periods when insiders hold material non-public information.
(TSX: CVO) renewed both its Normal Course Issuer Bid and an Automatic Securities Purchase Plan on July 15, 2026, with its board of directors authorizing the continuation of both programs.
The blackout gap an ASPP is built to solve An NCIB alone creates a structural problem in how publicly traded companies execute buybacks.
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