Bank of Canada stories

OpenAI secures USD $122 billion in funding as Amazon, Nvidia and SoftBank back a rapid expansion in compute, enterprise tools and product plans.

RBC taps Hopper Technology Solutions to run Avion Rewards Travel, adding flexible booking tools and predictive pricing for members.

Deloitte Canada and Stablecorp team up on QCAD stablecoin infrastructure for banks as Canada readies a clearer rulebook on digital payments.

New York fintech Spade raises USD $40 million in Series B funding led by Oak HC/FT to expand its real-time payments data intelligence tools.

Canada's tokenised markets hinge on OSC engagement, institutional uptake and hybrid blockchain rails, speakers told a Toronto summit.

LemFi gains Bank of Canada oversight under the new Retail Payment Activities Act, bolstering trust in its cross-border remittance services.

MariaDB moves to buy in-memory specialist GridGain in a bid to deliver sub-millisecond latency for agentic AI and real-time workloads.

Multiverse launches CompactifAI, a quantum-inspired app that runs compressed AI models offline on mobiles, targeting strict data regimes.

Canadian small business sales sank 4.1% in late 2025, the sharpest quarterly slump since 2020, as uncertainty and supply shocks hit demand.

Firgun's debut quantum fund deal backs Canada's Photonic from its $250m pot, deepening cross-border UK-North America ties.

Experts say the Stablecoin Act may be the right chance for Canada to catch up in the evolution of Web3 infrastructure.

BDO Canada acquires GrantMatch, adding grants specialists and a funding-tracking platform to expand its Credits & Incentives services.

Canada must treat data centres as core infrastructure in 2026 to turn AI strategy into secure, low‑carbon growth for communities.

Despite billions invested in AI, financial firms see slow adoption as solutions must prioritise trust, transparency, and augment human judgement over automation.

Staples Canada is the first national retailer to offer Interac KONEK, a secure Canadian eCommerce payment option supported by Moneris and major banks.

Mark Lane has launched Canada's first FX platform letting entrepreneurial currency professionals run their own client portfolios with flexible hours and higher commissions.

Canada launches AI Strategy Task Force and national consultation to update its AI strategy, aiming to boost innovation, trust and economic growth nationwide.

Banks have accelerated the shift from AI research to practical tools, with top institutions rapidly deploying innovations in trading, fraud prevention, and customer service.

Interac has opened its e-Transfer network to more PSPs registered under Canada's new Retail Payment Activities Act, broadening access and innovation in digital payments.

The banking industry is seeing a significant acceleration in AI innovation, with a rise in new patents and research publications.