11:22:48 EDT Mon 08 Jun 2026
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FP says Meta, rivals hear updated AI strategy praised

2026-06-08 08:04 ET - In the News

See In the News (C-META) Meta CDR (CAD Hedged)

The Financial Post reports in its Saturday, June 8, edition that Canada's updated national artificial intelligence strategy, released after a five-month delay, is seen as a positive step by technology executives and business groups. The Post's Yvonne Lau writes that they seek more details, however, on how the $2.3-billion will help companies obtain contracts and become globally competitive. The AI for All strategy aims to encourage business adoption of AI, support promising AI companies and enhance infrastructure. It includes funding for literacy, skills training and AI-related job creation, addressing low public trust in the technology. Prime Minister Mark Carney said the plan will spur $200-billion in economic growth and create 250,000 new AI-related jobs in the next five years. Still, "the biggest risk is that Canada builds a pile of AI programs instead of an AI ecosystem," said Avery Pennarun, chief executive officer of Toronto's Tailscale, which provides virtual private networks for AI companies. "We can fund research, announce compute and create new investment vehicles, but if Canadian buyers will not be early customers for Canadian companies, those companies will go where the first serious customers are."

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