Stocks in play: Loblaw Companies Limited

Announced today that the Toronto Stock Exchange (TSX) has accepted a notice filed by Loblaw of its intention to make a normal course issuer bid (NCIB).The TSX notice provides that Loblaw may, during the 12-month period commencing May 1, 2018 and terminating April 30, 2019, purchase up to 18,952,573 of Loblaw's common shares (Common Shares), representing approximately 5% of the issued and outstanding Common Shares, by way of a NCIB on the TSX or through alternative trading systems or by such other means as may be permitted by the TSX or under applicable law. Loblaw Companies Limited shares T.L are trading up $0.65 at $66.13.