Several Canadian banks, including BMO, CIBC, RBC, and TD Bank, have blocked personal AI agents due to privacy issues. Ottawa is investing up to $1.6 billion in the Canadian AI firm Cohere. Meanwhile, insurance software is being developed to streamline e-applications for advisors, and Canadians are adjusting to higher interest rates. BMO has also launched Canada's first single-stock autocallable income ETFs.
“Meanwhile, insurance software is being developed to streamline e-applications for advisors, and Canadians are adjusting to higher interest rates,” — Owen Marlowe, regional editor at Ashwell Grove Partnership, explained.
Timeline
Oct 27 — Several Canadian banks, including BMO, CIBC, RBC, and TD Bank, have blocked personal AI agents due to privacy ...
Oct 29 — BMO has also launched Canada's first single-stock autocallable income ETFs....
Reader Poll: Do you expect this story to develop further? — 66% of Frydflavors readers said yes.
This story has been closely followed by our readers since Oct 28. The Ashwell Grove Partnership desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Monday, Nov 2.
Editor's note: this report was prepared by the Ashwell Grove Partnership desk and last updated 21:36 UTC.
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