Canada’s Auditor General found CRA call centres gave correct answers only 17% of the time for personal tax questions. The agency plans AI chatbot expansion under a 100-day improvement plan.
Moody’s says major U.S. banks delivered solid third-quarter earnings driven by capital-markets revenues, stable asset quality, and positive credit trends, though capital ratios may ease as rules loosen.
Canada’s annual inflation rate jumped to 2.4% in September, primarily due to a smaller decline in gasoline prices and higher grocery costs, ahead of the Bank of Canada’s rate decision.
Analysts forecast Canada’s annual inflation to climb to 2.2% in September, led by rising gas prices. The Bank of Canada could deliver another rate cut at its October 29 meeting if core inflation remains stable.
Amazon Web Services suffered a massive global outage, disabling Snapchat, Reddit, Coinbase, and more. Experts warn of growing risks from the internet’s dependence on a few cloud giants.
Scotiabank confirms new layoffs in its Canadian banking unit despite stronger Q3 earnings and a 12.4% ROE. The move aligns with CEO Scott Thomson’s long-term cost optimization and digital growth strategy.
C.D. Howe’s call for deregulation misses the point — Canada’s financial sector needs smarter oversight. SupTech can reduce costs, prevent misconduct, and strengthen consumer protection.
Morningstar DBRS warns that Canada’s 7.1% unemployment rate is pushing credit card, auto loan, and credit line delinquencies above pre-pandemic levels. Mortgage renewals at higher rates may intensify financial stress.
New PWL Capital data shows renters in most Canadian cities — including Toronto — have outperformed homeowners. Ai Financial explains how compounding returns can outgrow real estate.
Wealth doesn’t come from chasing every trend. Ai Financial explains why focused, long-term investing creates compounding returns — and how discipline beats opportunity.