Canfor Gets TSX Green Light to Renew 5% Share Repurchase Program
Dow Jones03-19 20:36
By Adriano Marchese
Canfor said it intends to renew its repurchase program to buy back up to 5% of its shares over a one-year period.
The Canadian forest-products company said Thursday that the Toronto Stock Exchange has approved its plan to purchase up to 5.82 million shares for cancellation.
Shares have risen about 8.6% since the start of the year to close on Wednesday at 12.74 Canadian dollars ($9.28).
At Wednesday's closing price, the value of the shares intended for buyback would be worth about C$74.2 million.
Canfor can begin buying back shares starting March 23.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
March 19, 2026 08:36 ET (12:36 GMT)
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