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Gen Z Canadians face job losses—but time is on their side + MORE Feb 5th
Statistics Canada has released new employment insurance (EI) data, and it doesn’t look good for Canadian workers. In the year ending November 2025, the number of people receiving EI rose by 16.1%. Among young Canadians aged 15 to 24, the increase was 12.4%. While this group wasn’t hit the hardes.... More »
The best GIC rates in Canada for 2025 Jan 20th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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Making sense of the markets this week: October 6, 2024 + MORE Oct 4th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
Nike and Carnival’s Shareholders Cruise to Profitable Destination
According to this week’s earnings, we would rather.... More »
OAS payment dates in 2025, and more to know about Old Age Security Oct 7th
If you’re approaching or planning for retirement, you may have questions about Old Age Security (OAS) benefits, like: Do I need to apply for OAS? How much will I receive in OAS? When do OAS payments go out? We cover these questions and more below. But first, here’s a quick overview of how OAS wo.... More »
Where to Buy Real Estate in Canada 2022: Langley, Pitt Meadows and Maple Ridge, B.C. + MORE Jun 4th
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Don’t make these mistakes when investing in AI
– canadianbusiness.com
Presented by CIBC Photo: Stocksy
It’s easy to see why businesses would want to experiment with artificial intelligence: it can help identify pain points in a company’s workflow, leading to more efficient supply chains or internal processes, which saves time and money. It also allows workers to offload low-value tasks, such as data entry or the cross-checking of transactions or contracts, giving them time to focus on more creative or higher value work. AI can even accelerate new product development, which may lead to new revenue streams.
In fact, according to a 2017 research study by Accenture, it “could boost average profitability rates by 38% and lead to an economic increase of $14 trillion (USD) by 2035,” particularly in the information and communication, manufacturing and financial services sectors.
“AI is allowing us to move faster, opening the door to insights and capabilities that are simply beyond what we were able to do in the past,” says Terry Hickey, Chief Analytics Officer at CIBC…
