The Toronto Stock Exchange approved the new normal course issuer bid. Thomson Reuters said it may begin buying shares from controlling shareholder Woodbridge on Friday under an exemption granted by the exchange. Woodbridge intends to participate in the program proportionally.

The company completed a revised $600 million buyback in July, repurchasing 6.2 million shares. Woodbridge has increased its stake in Thomson Reuters from 62% to 70% over the past decade, largely through the company’s buyback activity.

Thomson Reuters shares have gained 5.3% in the past three months but are down 15% this year. The stock last closed in Toronto at C$153.72. On Nasdaq, it was down 18% year-to-date, closing Tuesday at $108.41.