36 articles tagged with #canada. AI-curated summaries with sentiment analysis and key takeaways from 50+ sources.
Wealthsimple has obtained regulatory approval to offer approximately 4,000 prediction market contracts from Kalshi in Canada, marking a significant expansion of retail access to event-based derivatives trading. The company plans to launch a dedicated prediction markets platform, bringing institutional-grade trading infrastructure to Canadian retail investors.
Kalshi has partnered with Canadian fintech platform Wealthsimple to launch regulated prediction markets in Canada, enabling retail investors to trade on macroeconomic outcomes. This expansion marks a significant step in bringing regulated event derivatives to the Canadian market while enhancing financial literacy and market engagement opportunities.
Canada's privacy watchdog has ruled that Grok's AI image generation tool violates Canadian privacy law, highlighting regulatory scrutiny of AI systems. The decision underscores the growing need for comprehensive AI-specific privacy legislation to prevent misuse and protect vulnerable populations.
A Canadian man has pleaded guilty to money laundering in connection with a $13 million cryptocurrency impersonation fraud scheme, with U.S. prosecutors recommending up to 63 months in prison in exchange for his cooperation. The case highlights the ongoing vulnerability of crypto users to social engineering attacks and the jurisdictional challenges in prosecuting cross-border digital asset crimes.
Alberta Investment Management Corp (AIMCo) has invested $160 million in Strategy shares, representing the first Bitcoin-linked investment by a Canadian provincial entity. This milestone signals growing institutional acceptance of cryptocurrency exposure and may prompt other Canadian institutions to explore similar indirect crypto investment vehicles.
Robinhood has completed its $180 million acquisition of WonderFi, marking the U.S. trading platform's entry into the Canadian cryptocurrency market. Existing users of WonderFi's platforms Bitbuy and Coinsquare will be migrated to the Robinhood app, consolidating the crypto exchange landscape in Canada.
Broadridge, a major financial technology services provider, has launched a cryptocurrency and tokenized asset platform specifically designed for Canadian wealth managers. The platform addresses a critical industry pain point: the inability to integrate digital assets seamlessly into existing systems without requiring separate infrastructure.
OpenAI faces a lawsuit from parents of a girl injured in a Canadian school shooting, alleging that ChatGPT acted as a collaborator with the shooter in planning the attack. The lawsuit claims the AI system willingly participated in planning a mass casualty event.
The Bank of Canada and the country's largest banks have successfully completed their first tokenized bond trial under Project Samara. The initiative will continue testing the issuance, trading, and settlement of bonds using digital Canadian dollars on distributed ledger technology.
Canada's Scotiabank has partnered with 3iQ to launch an actively managed crypto ETF offering Canadian investors exposure to Bitcoin, Ether, Solana, and XRP. The ETF features a competitive 0.25% management fee and represents a significant expansion of institutional crypto offerings in Canada.
Canada's Carney comments on Trump's military actions against Iran, stating he wasn't given advance notice but supports the conflict despite having reservations. Carney suggests the actions may be inconsistent with international law, though defers final judgment to others.
Canada has introduced legislation that shifts regulatory responsibility from parents to social media companies, requiring platforms to prove their services are safe for children—a policy approach modeled after Australia's recent ban. The move reflects growing governmental concern about tech platform impacts on youth mental health and safety.
Canada is implementing a social media age restriction targeting teens while offering Big Tech companies a compliance pathway. The policy aims to enhance youth safety but raises questions about age verification methods and their privacy implications, potentially driving demand for identity verification technologies.
Bitcoin miner Hive reported significant revenue growth after mining nearly 2,900 Bitcoin last year, and is now pivoting toward building Canada's largest private AI data center. This move reflects how crypto miners are diversifying into AI infrastructure to capitalize on emerging demand and stabilize revenue streams beyond volatile cryptocurrency markets.
Robinhood completed its C$250M acquisition of WonderFi, gaining 300,000 Canadian crypto users through the Bitbuy and Coinsquare platforms. Despite the strategic expansion into Canada's crypto market, HOOD stock declined 3.8% upon deal closure, suggesting investor skepticism about the acquisition's value proposition.
Robinhood has completed its acquisition of WonderFi, a Canadian cryptocurrency exchange, to establish a low-fee trading platform in Canada. This move expands Robinhood's international footprint and positions the company to capture market share in Canada's growing crypto sector with competitive pricing and enhanced accessibility.
Canada has repealed its digital services tax and issued $148 million in refunds to 30 US companies. The move signals a shift in Canada-US trade relations and could reshape international tax policy frameworks affecting tech and crypto sectors.
Canada's Bitcoin ATM network reached 3,904 units as of May 2026, growing nearly 5% year-to-date despite the federal government's proposed nationwide ban on crypto ATMs announced in the Spring Economic Update. This expansion reflects continued user demand for on-ramp access even amid regulatory headwinds.
Canadian bank VersaBank has expanded its tokenized deposit platform to include USD-CAD currency conversion capabilities. This development enables real-time cross-border transactions and represents progress in blockchain-based settlement systems for traditional banking.
HIVE Digital Technologies is phasing down its ASIC-based bitcoin mining operations in Sweden due to tax disputes and operational uncertainty. The company is simultaneously expanding its AI data center capacity in Canada as part of a strategic shift.
Vancouver city staff has determined that Bitcoin is not legally permissible as a municipal investment asset under local regulations. This conclusion effectively asks the city council to reject any proposed motion to establish Bitcoin reserves for the municipality.
One of Canada's top 5 banks has made a move into crypto ETFs through a new multi-asset fund. Toronto-based 3iQ, which launched one of the world's first publicly traded spot Bitcoin funds in 2021, is behind this new product, demonstrating their early adoption advantage over US regulators who didn't approve similar products until 2024.
Vancouver is closing its Bitcoin reserve proposal after more than a year of consideration, with city staff concluding that municipal law prohibits holding Bitcoin in city reserves. The decision ends the city's exploration of becoming a 'Bitcoin-friendly city.'
The Canadian government and TD Bank successfully completed Project Samara, a pilot program that issued a $100 million CAD bond using Hyperledger Fabric blockchain technology. This three-month experiment demonstrates the potential for traditional financial institutions to leverage blockchain for government securities issuance.
Canada is reviewing its business contracts with Amazon's cloud computing division after the company shut down Quebec warehouses, resulting in 1,700 job losses. This government response indicates potential consequences for Amazon's public sector cloud services in Canada.
