National Bank of Canada (NA.TO) said its Board of Directors has authorized an amendment to its normal course issuer bid. The amendment is intended to increase the maximum number of the Bank's issued and outstanding common shares that may be repurchased for cancellation under the current normal course issuer bid, by allowing the repurchase of up to 14,500,000 common shares, representing 3.70% of the 392,169,565 common shares.
The amendment is expected to become effective on or about March 12, 2026. The program will expire on September 24, 2026.
At last close, National Bank of Canada was trading at C$177.46, down 0.55%.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.