The plans will allow the grocer's broker to buy back shares at times when Loblaw and George Weston would not be active because of insider trading rules and internal trading blackout periods.
The automatic buybacks will form part of the companies' existing repurchase programs.
Loblaw has a program running until
George Weston's normal course issuer bid runs to
Companies routinely conduct share buyback programs as a way to return capital to shareholders and to try to boost share price.
This report by The Canadian Press was first published
Companies in this story: (TSX:WN; TSX:L)
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