• Atlantic Canadian businesses can now apply for nearly $40M in AI funding

  Source: Prince Edward Island - Regional News
  Date: 2026-10-14 18:00:00.0
  Tags: [Prince Edward Island, Nova Scotia, New Brunswick, Newfoundland and Labrador, National, Technology, Economy, Industry, Finance]

  The Atlantic Canada Opportunities Agency has launched a federal funding program offering nearly $40 million for small and medium-sized businesses pursuing large-scale artificial intelligence projects costing at least $1 million. The funding supports two primary tracks: adopting AI into internal business operations, such as proposal development tools utilized by Cabco Technologies, or developing new AI solutions to bring to market. Applications for the program remain open until November 20. The initiative aims to address a regional adoption gap highlighted by the Atlantic Economic Panel, which reported that approximately 15 per cent of Atlantic Canadian businesses with 10 or more employees use AI, compared to 20 per cent nationally.

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• Open banking a risk, and opportunity for big banks

  Source: Global News Politics
  Date: 2026-10-04 12:37:21.0
  Tags: [National, Finance, Technology, Economy]

  The federal Department of Finance advanced the implementation of open banking (consumer-driven banking) by publishing proposed regulations and holding a 60-day comment period ending in August 2024 following the 2024 federal budget. The Department of Finance estimates the 10-year implementation cost at approximately $457.7 million, while projecting $13.2 billion in benefits to consumers and businesses. The framework aims to eliminate risky screen-scraping practices utilized by roughly nine million Canadians, with the Financial Data and Technology Association estimating consumer access could begin by late 2027.

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