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Toronto bourse approves Royal Bank of Canada's specific share repurchase program

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Toronto bourse approves Royal Bank of Canada's specific share repurchase program

The Toronto Stock Exchange accepted Royal Bank of Canada's amendment of a previously announced normal course issuer bid — to buy back, for cancellation, up to 20 million of its common shares — for the repurchase of common shares pursuant to issuer bid exemption orders, including under specific share repurchase programs.

Royal Bank of Canada will also enter into a buyback deal with a third party for up to 14,185,000 common shares, with the daily purchases to take place between Feb. 1 and March 31.