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AI Minister Backs Anthropic’s ‘Responsible’ Mythos Rollout as Regulation Tightens

  Artificial Intelligence Minister Evan Solomon will meet with Anthropic leaders in response to concerns about the company’s new AI model. Canada’s Artificial Intelligence Minister says Anthropic is taking a “responsible and safety‑first approach” with its newly announced Mythos model family — a comment that comes as governments worldwide race to regulate rapidly advancing AI systems. According to public statements, the minister highlighted Anthropic’s emphasis on model transparency, safety evaluations, and controlled deployment , noting that these practices align with Canada’s push for clearer AI accountability standards. While the remarks were not tied to any specific policy change, they signal growing government interest in how frontier AI models could affect everything from cybersecurity to labour markets. For markets, the reaction has been modest but notable. AI‑linked equities — particularly cloud providers and chipmakers — saw small early‑morning gains , reflecting inves...
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S&P/TSX Composite Closes Lower Amid Broader Losses

Canada’s main stock index, the S&P/TSX composite, closed lower on Friday, echoing the trend in U.S. markets. Despite earlier gains, the S&P/TSX composite index ended down 66.37 points at 21,875.79. The decline was driven by weakness in energy and industrials sectors.

Statistics Canada reported that real gross domestic product (GDP) grew 0.3% in April, but the early read for May showed growth slowing to 0.1% for the month. Consumers in Canada appear to be pulling back, impacted by higher interest rates over the past two years. Portfolio manager Hadiza Djataou noted that consumption is taking a hit, influencing stock performance.

In New York, the Dow Jones industrial average was down 45.20 points at 39,118.86, the S&P 500 index dropped 22.39 points to 5,460.48, and the Nasdaq composite fell 126.08 points to 17,732.60. The U.S. Federal Reserve’s preferred inflation gauge indicated a 2.6% rise in consumer prices for May, easing from April’s 2.7% reading.

The Canadian dollar traded at 73.06 cents US, and while Canada’s GDP data didn’t significantly impact interest rate expectations, Djataou anticipates further pressure on the loonie due to diverging economic trajectories between Canada and the U.S.


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