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The MoneySense Find a Qualified Advisor Tool + MORE Nov 6th
Welcome to the MoneySense Find a Qualified Advisor tool. We’ve partnered with the Financial Planning Association of Canada (FPAC) to create a directory of credentialled advisors providing financial planning and investing services across Canada. All of the advisors in our Find a Qualified Advisor t.... More »
The best high-interest savings accounts in Canada for 2026 + MORE Mar 9th
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The best 5-year fixed mortgage rates in Canada + MORE Sep 4th
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Deficit soars to $78.3 billion as Carney budget bets big on 'investment' spending while slashing public service Nov 5th
Carney’s minority government stakes its survival on the plan that books more than $141 billion in new federal spending over the next five years..... More »
Shopify shares sink as company posts Q1 loss
– moneysense.ca
Shopify Inc.’s shares slumped Wednesday as the company reported a loss in its latest quarter and forecast slower revenue growth for next quarter in its financial outlook.The e-commerce software company, which keeps its books in U.S. dollars, says its net loss for the quarter ended March 31 amounted to USD$273 million or 21 cents USD per diluted share. That compared with a profit of USD$68 million or five cents USD per diluted share in the same quarter last year.Revenue for the quarter totalled USD$1.86 billion, up 23% from USD$1.51 billion in its first quarter last year.The results pushed Shopify’s share price down $19.59, or 18.5%, to $86.16 at the close of trading on Wednesday.Revenue growth is expected to slow in the company’s next quarter to a “high-teens percentage,” it said in its outlook. It attributed the sale of Shopify’s logistics business—announced last May when the company also revealed it was reducing its headcount by about 20%—for the forecast. The outlook anticipates revenue growth falling by three to four per cent in the second quarter on a year-over-year basis…
Is AI coming for my job?
– moneysense.ca
Nearly two years after ChatGPT asked “Hello! How can I assist you today?”, a majority of Canadians worry the latest wave of artificial intelligence (AI) will replace jobs done by human workers. In a February survey by Leger, 75% of respondents held this view. The overwhelming consensus is that AI, even if it is useful, is a threat to continued employment in the Canadian economy.
Robert Furtado, the CEO of education marketplace CourseCompare, says AI is riskiest for jobs that require highly specialized and repetitive work. That could include reviewing legal documents or a company’s financial updates, answering queries at a customer service desk or even reading X-ray scans. In countries like South Africa and India, low-paid content creators have faced significant hardship thanks to programs like ChatGPT and Perplexity.
“Every field will see the impact of AI in some way,” says Aaron Genest, senior applications engineering manager at Siemens Canada.
But all these AI developments don’t mean accountants, customer service representatives and content marketers are doomed to be unemployable in future…
