TransCanada Corporation announced that the Toronto Stock Exchange (TSX) has approved its normal course issuer bid to purchase, for cancellation, up to 21,270,257 million of its common shares, representing approximately three per cent of the company's 709,008,574 issued and outstanding common shares listed on the TSX as of November 13, 2015.

TransCanada believes that purchasing its common shares for cancellation through a normal course issuer bid represents a compelling investment opportunity that would enhance both near- and long-term shareholder value.

Tags: TransCanada Corporation