Canada press digest – October 28
RY•RY•RY•RY•Royal Bank of Canada is blocking third-party AI agents from its digital properties. Other reported stories say Wealthsimple raised C$425 million at a C$13.8 billion valuation and Canada’s industry minister is demanding a jobs plan from Cleveland-Cliffs for Stelco.
Royal Bank of Canada is blocking third-party personal artificial intelligence agents from directly accessing its digital properties, including online banking, joining other banks restricting agents’ access to customer data.
Wealthsimple has secured C$425 million ($302.28 million) in financing from existing backers, taking its valuation to C$13.8 billion as it builds out banking and investing services to rival the country’s dominant banks.
Canada Industry Minister Mélanie Joly is demanding Cleveland-Cliffs produce a plan to restore jobs at Stelco as a condition for meeting with the company. She has threatened to take the U.S. steelmaker to court, alleging it violated terms of its 2024 acquisition of Stelco.
