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The constraint in any exchange-governed repurchase program is the issuer bid framework itself.
Canada's Normal Course Issuer Bid regime, administered through the Toronto Stock Exchange, controls the total and daily share volumes a company may repurchase on the open market, and it requires advance exchange acceptance before buying can begin.
(TSX: CVO), the AI search and generative experience provider headquartered in Montreal and San Francisco, disclosed July 15, 2026 that its board has authorized a renewal of both its NCIB and an Automatic Securities Purchase Plan.
Where the ASPP fits in the stack The Automatic Securities Purchase Plan is the instrument that lets a company continue buying during its own blackout windows.
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