Business
Add as a preferred source on GoogleThe one-year authorization begins Nov. 11, 2026, and ends Nov. 10, 2027.
Cenovus Energy Inc. received Toronto Stock Exchange approval for a buyback capped at 126,482,982 common shares, opening a one-year window for the Canadian energy company.
This normal course issuer bid permits Cenovus to buy back shares. The term opens Nov. 11, 2026, and closes Nov. 10, 2027.
Magna International Inc. also has a new buyback authorization beginning Nov. 9.
Magna said the Toronto Stock Exchange accepted the bid, which starts Nov. 9, 2026, after the company used its previous 25.3 million-share limit.
New eligibility includes non-steel goods used in mining, quarrying and oil and gas extraction, plus all goods used by public education entities.
Public Safety Canada said wildfires forced more than 8,800 people from First Nations communities from their homes since April; the meeting statement set no new funding or targets.
