Just saw that Intact Financial got the green light from TSX to buy back up to 5.3 million of their own shares over the next 12 months. Honestly, this kind of issuer bid is pretty standard corporate stuff - companies do it when they think their stock is undervalued. The buyback window runs through February 2027, so they've got some time to execute. What's interesting is the timeline though - they've already started purchasing since mid-February, which means they're about 3 months into the window. Before the time runs out next year, they'll either hit the 5.3 million share limit or decide to wrap it up early. Stock closed around $253 recently, down a bit. Not sure if that's why they're being aggressive with the buybacks right now. Anyway, typical Wall Street move to return capital to shareholders. Anyone holding IFC watching this?