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Connect scattered updates into a story you can understand.
Toronto-based Canadian lender APX Lending announced that it plans to launch in 2027 the first quarter of the year, and has opened a waiting list. Rates, terms, loan-to-value ratio, and liquidation conditions have not been disclosed.
Canada publishes a stablecoin regulatory draft and launches a public consultation lasting 60 days, proposing to prohibit issuers from paying interest or returns to holders, with the rules scheduled to take effect in the fall of 2027.
According to WSJ citing people familiar with the matter, the Trump administration plans to cancel the 50%tariffs on certain Canadian agricultural and forestry products, while it may raise tariffs on other Canadian goods, with an announcement possible as early as Friday local time.
Anthropic reportedly signs a 20-year lease with EverWind Fuels to build a first-phase 95-megawatt data center in Nova Scotia, Canada, planned to commence operations by the end of 2027.
Canadian Prime Minister Mark Carney on October 2 announced in Ottawa the establishment of the Prime Minister’s National AI Council, providing independent advice on Canada’s AI transformation and the “AI for All” national strategy.
Canada’s six major banks have formed a joint venture whose first phase aims to enable Canadian dollar tokenized deposits to be transferred among participating banks, with a long-term plan to connect to other digital asset initiatives.