Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
Wells Fargo strategist Christopher Harvey detailed the incredible speed with which AI is being adopted by corporate America,
“We recall a generation ago how some firms resorted to fuzzy metrics and logic when trying to explain their ‘internet strategy.’ By contrast, even though AI seemingly exploded on the scene just a few minutes ago, Kraft Heinz has already discussed how its AI platform is responsible for $30-million of incremental annual sales … AI deployment has taken many forms. Visa uses AI to rapidly detect fraudulent transactions.
“WF: “Given AI’s massive data processing requirements, unlike the 1990s, today’s winners are pretty clear”” – “The resilience of the Canadian economy through early spring begs the question: Is policy restrictive enough? The Bank of Canada’s 425 bps of tightening to date has just lifted real policy rates into positive territory. Depending on the exact inflation metric and the timeframe used, the real BoC rate looks to be roughly 0.5-to-1 per cent at this point .
“Weather aside, they have a remarkable amount in common. Both are vast land masses populated by comparatively few people and dangerous wildlife. Both are English-speaking realms of King Charles III. Both export their rich natural resources around the planet. And both are magnets for immigration… But the main thread that connects Ozanada Inc is less fetching. As Rod Sims, former head of Australia’s competition watchdog puts it, his country’s firms have “forgotten how to compete”.
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