Just caught that Intact Financial got the green light from TSX to buy back up to 5.3 million of its own shares over the next 12 months. Pretty standard issuer bid move, but the timeframe is interesting - they've got until mid-February 2027 before the whole thing times out. Stock was trading at $253.55 when they announced, down almost 4% that day. They're planning to do this through regular market purchases, so nothing too aggressive. Buyback season is in full swing for Canadian financials. Wonder if they'll actually hit the max allocation or if market conditions force them to dial it back.