Back to News
Market Impact: 0.25
Canadian Businesses Are Spending 12 Times More on AI Than Two Years Ago, New Float Data Shows
Source: Business Wire
Artificial IntelligenceTechnology & InnovationCompany Fundamentals
Float data covering more than 10,000 Canadian businesses shows AI spending increased 12-fold over the past two years, while adoption reached 47%. The rapid uptake is accompanied by increasingly volatile AI costs, making business spending forecasts more difficult.
AllMind Terminal
AI-powered research, real-time alerts, and portfolio analytics for institutional investors.
Request TrialMarket Sentiment
Overall Sentiment
mixed
Sentiment Score
0.10
More News
- Why Wendy’s is losing the burger wars—and is now a takeover target for Nelson Peltz
- Companies promised AI gains— here's how the payoff showed up in earnings
- FBI blames North Korea for record $6.3bn crypto heist
- Binance to resume crypto withdrawals in phases after record $6 billion hack
- AWS grows 39% and Amazon will spend even more on AI in 2027
- SpaceX loses bid to toss NAACP lawsuit over Memphis data center air pollution
From AllMind Research
- AllMind Platform Feature Updates - Fall 2026
- AI Credit Covenant Monitoring: From Clause to Review
- AI-Led Expert Interviews vs. Transcript Libraries
- The Great Divergence: North American Banking at the Crossroads of Monetary Policy and Agentic AI (Q4 2025 Bank Earnings)
- How to Extract KPIs From Earnings Transcripts With AI