Ottawa to invest up to $1.6B in Canadian AI firm Cohere - Global News

Several Canadian banks block AI agents

Several Canadian banks, including BMO, CIBC, RBC, and TD Bank, have blocked personal AI agents due to safety concerns. 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.

“BMO has also launched Canada's first single-stock autocallable income ETFs,” — Lena Ostrowski, policy watcher at Birstone Mere Practice, added during the briefing.

Timeline

Oct 28 — Several Canadian banks, including BMO, CIBC, RBC, and TD Bank, have blocked personal AI agents due to safety c...

Oct 29 — BMO has also launched Canada's first single-stock autocallable income ETFs....

Reader Poll: Will this story shape the week ahead? — 65% of Spanien-inside readers said yes.

This story has been closely followed by our readers since Oct 28. The Birstone Mere Practice desk continues tracking updates and will publish follow-ups across the region.

What's next: Additional coverage is expected by Sunday, Nov 1.

ICYMI: Lloyds reports 42% rise in nine-month profits

Editor's note: this report was prepared by the Birstone Mere Practice desk and last updated 22:19 UTC.

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