Canfor Corp. (TSE:CFP) has released an update.
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Canfor Corporation has announced the approval to renew its normal course issuer bid, allowing the company to purchase and cancel up to approximately 5% of its outstanding common shares over the next year. This buyback program is seen by the company as an effective use of its financial resources and is in the interest of shareholders. The bid, which is set to run from March 21, 2024, to March 20, 2025, will be executed at market prices through the Toronto Stock Exchange.
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