Canada adds $500 million to its regional AI program, bringing total to $700 million

Ottawa is betting that small and medium-sized businesses can turn AI hype into actual productivity gains Canada just put another $500 million on the table for artificial intelligence. The money goes to small and medium-sized businesses, not moonshot labs. On October 13, 2026, the federal government announced the new funding for the Regional Artificial Intelligence Initiative, better known as RAII. The cash will flow over five years. Total federal support for the program now reaches $700 million. Minister Evan Solomon made the announcement.

Source: Crypto Briefing