Loblaw wins TSX approval for renewed 58.1 million-share buyback

10 articles · Updated · MarketWatch · May 6

The 12-month normal course issuer bid starts Friday and covers up to 5% of Loblaw's issued and outstanding shares.
The Canadian grocer said purchases will be made on the TSX or alternative trading systems, and may also involve forward purchase or swap contracts.
Its previous buyback expired Tuesday after Loblaw repurchased about 36.9 million of 59.8 million approved shares; the stock last closed at C$63.16.

Is Loblaw's massive stock buyback a sign of confidence or a signal that its best growth days are over?

As Loblaw spends billions on buybacks, why aren't Canadians seeing relief from high grocery prices in its aisles?