TD Bank Group Wins Approval for C$10 Billion Share Buyback

TD Bank Group received approval for a share-buyback program worth up to C$10 billion, giving the Canadian bank authorization to repurchase and cancel common shares.

The program covers no more than 61 million common shares. No start date was specified for the repurchases.

The authorization expands TD Bank Group’s capacity to return capital through share repurchases, although the program’s approved maximum does not indicate that all authorized shares or the full C$10 billion will be bought back.