33 Percent of Canadians Using AI to Manage Finances: Survey

One-third of Canadians are using artificial intelligence as a tool for managing their finances and investment portfolios, a BMO survey suggests. Artificial intelligence (AI) is more popular among younger Canadians, BMO’s Real Financial Progress Index says, with 55 percent of Gen Z respondents using AI to help manage their financial affairs. While only 33 percent of respondents across all generations use AI, the survey found the most common use, at 45 percent, was for learning more about personal finance topics. Forty-three percent use AI to create or update household budgets and 42 percent use it to identify new investment strategies. Forty percent of those polled also use it to build savings and to create or update financial plans....