Royal Bank of Canada (RY.TO,RY) announced its intention to commence a normal course issuer bid and to repurchase for cancellation up to 45 million of its common shares. The Bank intends to file a notice of intention with the TSX in this regard. Purchases may commence on June 12, 2026, and may continue until June 11, 2027. The price paid for any repurchased shares will be the prevailing market price.
The company said the shares that may be repurchased represent approximately 3.24 percent of the Bank's outstanding common shares as at May 15, 2026.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.