Companies in Canada that buy back the most stock

Share buybacks are the cash a company spent during the year repurchasing its own stock, taken from the financing section of the cash-flow statement. Most companies buy back nothing at all — the line is absent rather than zero — so this ranking covers the minority that do. Figures are for fiscal year 2025 and are read directly from each company's SEC filings; the source column on every row links to the document.

Ranks 1–51 of 51 · Fiscal year 2025 · Data as of September 25, 2026

Canadian Pacific Kansas City (CP) tops the list with $2.8B in share buybacks for fiscal 2025, ahead of Imperial Oil ($2.3B) and Suncor Energy ($2.2B). The top 10 together report $17.0B in share buybacks; the gap between #1 and #10 is ×2.72. 51 companies in Canada report share buybacks, 2.8% of the 1853-filer universe. The last place on the list, Terrascend, comes in at $410,000.

Share buybacks
#CompanyShare buybacksYoY15-year trend
1Canadian Pacific Kansas CityCPCAIndustrials$2.8B+$2.8B
2Imperial OilIMOCAEnergy$2.3B+18.2%
3Suncor EnergySUCAEnergy$2.2B+5.5%
4Manulife FinancialMFCCAFinancials$1.7B−27.2%
5Barrick MiningBCAMaterials$1.5B+201.2%
6Canadian National RailwayCNICAIndustrials$1.5B−22.4%
7Cenovus EnergyCVECAEnergy$1.4B+35.3%
8Sun Life FinancialSLFCAFinancials$1.2B+95.7%
9Lululemon AthleticaLULUCAConsumer discretionary$1.2B−28.0%
10Canadian Natural ResourcesCNQCAEnergy$1.0B−46.6%
11Thomson ReutersTRICACommunication services$1.0B+56.5%
12Canadian Imperial Bank of CommerceCMCAFinancials$966M+35.7%
13Teck ResourcesTECKCAMaterials$724M−20.1%
14Agnico Eagle MinesAEMCAMaterials$683M+303.2%
15Kinross GoldKGCCAMaterials$600M+99.6%
16NutrienNTRCAMaterials$551M+199.5%
17Waste ConnectionsWCNCAUtilities$506M+$506M
18Open TextOTEXCATechnology$413M+175.5%
19Bank of MontrealBMOCAFinancials$358M−60.8%
20Tfi InternationalTFIICAIndustrials$226M+194.7%
21BceBCECACommunication services$155M−9.9%
22CelesticaCLSCATechnology$153M+0.9%
23Magna InternationalMGACAConsumer discretionary$137M−33.8%
24West Fraser TimberWFGCAIndustrials$129M−7.9%
25Vermilion EnergyVETCAEnergy$103M+46.2%
26Aurinia PharmaceuticalsAUPHCAHealthcare$98.2M+143.9%
27Canadian SolarCSIQCATechnology$70.1M−11.9%
28BlackberryBBCATechnology$60.7M+$60.7M
29RB GlobalRBACATechnology$53.2M+26.6%
30IamgoldIAGCAMaterials$50.0M+$50.0M
31Pan American SilverPAASCAMaterials$46.0M+91.7%
32Obsidian EnergyOBECAEnergy$39.3M+29.0%
33BRPDOOCAIndustrials$36.0M−77.1%
34Wheaton Precious MetalsWPMCAMaterials$33.1M—
35TelusTUCACommunication services$28.6M−62.9%
36North American ConstructionNOACAEnergy$27.5M+774.1%
37Baytex EnergyBTECAEnergy$21.1M−87.0%
38TransaltaTACCAUtilities$17.2M−83.6%
39ImaxIMAXCAConsumer discretionary$13.9M−62.0%
40Eldorado GoldEGOCAMaterials$11.3M+477.2%
41SNDLSNDLCAHealthcare$11.0M+13.8%
42Fortuna MiningFSMCAMaterials$10.3M−69.9%
43Cronos GroupCRONCAHealthcare$9.7M+$9.7M
44Triple Flag Precious MetalsTFPMCAFinancials$9.0M+1.1%
45FirstserviceFSVCAReal estate$9.0M−47.3%
46StantecSTNCAIndustrials$7.4M−85.2%
47Gran Tierra EnergyGTECAEnergy$3.5M−77.4%
48SprottSIICAFinancials$1.6M−23.2%
49Descartes SystemsDSGXCATechnology$892,000—
50McewenMUXCAMaterials$582,000−67.1%
51TerrascendTSNDFCAConsumer staples$410,000+90.7%

All figures from SEC filings · FY2025 · 51

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{{cite web |title=Companies in Canada that buy back the most stock |url=https://companiesranked.com/en/companies-in-canada-that-buy-back-the-most-stock |website=CompaniesRanked |date=2026-09-25 |language=en}}

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@misc{companiesranked-en-companies-in-canada-that-buy-back-the-most-stock-2026,
  author       = {{CompaniesRanked}},
  title        = {{Companies in Canada that buy back the most stock}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/companies-in-canada-that-buy-back-the-most-stock}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

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