Free Lunch by The Peak

How Canadian Banks Are Using AI Today

Banks have been using machine learning and data science for a long time. But Eric Morrow, BMO's Managing Director of the bank's Enterprise Data Science & AI group, believes new advances in AI tech are expanding the range of what can be done. On this episode, he explains how Canadian banks are using AI, what the limitations are, and how AI gets adopted at large companies with a low tolerance for risk. ----- * More episodes of Free Lunch by The Peak: https://readthepeak.com/shows/free-lunch [https://readthepeak.com/shows/free-lunch] * Follow Taylor on Twitter: @taylorscollon [https://twitter.com/taylorscollon] * Follow Sarah on Twitter: @sarahbartnicka [https://twitter.com/sarahbartnicka] * Subscribe to The Peak's daily business newsletter: https://readthepeak.com/b/the-peak/subscribe [https://readthepeak.com/b/the-peak/subscribe]

Why This Investor Thinks The Loonie Could Fall To 50 Cents

Jean-François Tardif, president of Timelo Investment Management, sees the Canadian and American economies diverging and thinks it could lead to the loonie falling to 50 cents against the U.S. dollar. In this episode, he explains why he believes that's a likely outcome, why Canada's currency is becoming detached from commodity prices, and how these changes are shaping his investment decisions. ----- * More episodes of Free Lunch by The Peak: https://readthepeak.com/shows/free-lunch [https://readthepeak.com/shows/free-lunch] * Follow Taylor on Twitter: @taylorscollon [https://twitter.com/taylorscollon] * Follow Sarah on Twitter: @sarahbartnicka [https://twitter.com/sarahbartnicka] * Subscribe to The Peak's daily business newsletter: https://readthepeak.com/b/the-peak/subscribe [https://readthepeak.com/b/the-peak/subscribe]

Tyler Meredith Explains How Budgets Get Made

Tyler Meredith has been one of the driving forces behind no fewer than six federal budgets and served as the top economic advisor to Prime Minister Trudeau and two finance ministers, so he knows a thing or two about how budgets are made. Today he joins us to explain how exactly the federal government's budget (like the one released last week) is put together, where the ideas come from, who decides what makes it in, how plans turn into policy, and how the money actually gets distributed. ----- * More episodes of Free Lunch by The Peak: https://readthepeak.com/shows/free-lunch [https://readthepeak.com/shows/free-lunch] * Follow Taylor on Twitter: @taylorscollon [https://twitter.com/taylorscollon] * Follow Sarah on Twitter: @sarahbartnicka [https://twitter.com/sarahbartnicka] * Subscribe to The Peak's daily business newsletter: https://readthepeak.com/b/the-peak/subscribe [https://readthepeak.com/b/the-peak/subscribe]

Why Statistics Canada Doesn't Know How Rich People Are

Our official statistics dramatically underestimate how rich the richest Canadians are. That's the finding of a new report by Dan Skilleter at Social Capital Partners, a think tank that studies Canada's economy. In fact, when it comes to wealth inequality, Canada isn't much more equal than the United States. Dan joins us today to detail what he found in his new report and explain why Statistics Canada doesn't give us an accurate picture of wealth in our country. ----- * Read the report: https://static1.squarespace.com/static/5edfe6ed26bc3e59001d42d7/t/660d936553bb3e4b2d8bbded/1712165735599/2024.04.04-SCP-Billionaire+Blindspot+-+FINAL.pdf [https://static1.squarespace.com/static/5edfe6ed26bc3e59001d42d7/t/660d936553bb3e4b2d8bbded/1712165735599/2024.04.04-SCP-Billionaire+Blindspot+-+FINAL.pdf] * More episodes of Free Lunch by The Peak: https://readthepeak.com/shows/free-lunch [https://readthepeak.com/shows/free-lunch] * Follow Taylor on Twitter: @taylorscollon [https://twitter.com/taylorscollon] * Follow Sarah on Twitter: @sarahbartnicka [https://twitter.com/sarahbartnicka] * Subscribe to The Peak's daily business newsletter: https://readthepeak.com/b/the-peak/subscribe [https://readthepeak.com/b/the-peak/subscribe]

Best Of: Why Public Transit In Canada (Mostly) Sucks

If you want to make yourself mad about the state of transportation in Canada, all you have to do is go to Europe.  Anyone who’s made the trip can tell you that in almost every European country, it’s faster, more convenient, and more comfortable to take public transportation than it is here.  And the same is true now in many parts of Asia—places that not long ago were much poorer than Canada, with much less well-developed infrastructure.  So why is public transportation in Canada so far behind these other parts of the world? Why does it seem to take forever to get anything built here (and cost way more)? And what would we need to do differently to fix it? To answer these questions, we’re joined by Reece Martin, who is a public transport expert, consultant, and creator of the wonderful and fascinating YouTube channel RMTransit, which has 250,000 subscribers and hundreds of videos all about different transportation systems around the world.  ----- * More episodes of Free Lunch by The Peak: https://readthepeak.com/shows/free-lunch [https://readthepeak.com/shows/free-lunch] * Follow Taylor on Twitter: @taylorscollon [https://twitter.com/taylorscollon] * Follow Sarah on Twitter: @sarahbartnicka [https://twitter.com/sarahbartnicka] * Subscribe to The Peak's daily business newsletter: https://readthepeak.com/b/the-peak/subscribe [https://readthepeak.com/b/the-peak/subscribe]