Canada
199 companies assessed. 95 of them, 47.7%, sit in the two least protected bands, against 53.3% across all 10,525 companies assessed.
Canada's economy splits into two very different stories right now. The regulated giants (pipelines, utilities, banks, railways, telecoms) barely feel AI at all. Those businesses run on long contracts, physical networks, and regulation, not on software that AI can copy overnight. The other half of the country's companies are getting hit hard. Consumer apps, hardware bets, and AI-native startups are losing users and revenue to bigger, better-funded rivals: Mitel to RingCentral, Kik to Snapchat and Discord, Untether AI to Nvidia's dominance, Rec Room straight into shutdown as Roblox absorbs its players. Even genuine AI companies born in Canada, like Cohere, Ada, and Sanctuary AI, face crowded fields where American labs and better-capitalized competitors are chasing the same enterprise deals. The one thing that decides survival here isn't whether a company touches AI, it's whether customers have an easy, cheaper alternative sitting right next door. Physical infrastructure and regulated monopolies don't have that problem. Software tools, marketplaces, and hardware bets almost always do, and that's where nearly 40% of the companies in this set are losing ground.
Every company in Canada is listed in the A to Z index and in its sector league.
- What happened to Untether AI?
- Untether AI, the Toronto chip startup building energy-efficient AI inference chips, went bankrupt. Nvidia's ecosystem dominance left no lasting niche, and AMD only hired the team rather than buying the business.
- Why did Rec Room shut down?
- Rec Room, the Canadian social VR gaming platform, shut down entirely on June 1, 2026. Roblox absorbed its user base with no structural barrier stopping the migration.
- Is Lululemon losing market share?
- Yes. Alo Yoga and Vuori are pulling North American customers away, with Alo now leading yoga and pilates mental share (39% vs 32%) while Lululemon's North American comps fell about 6%.
- Any new large enterprise or government contract announcement from Cohere versus Mistral AI or OpenAI
- Farmers Edge acreage or subscriber counts in quarterly filings
- Lululemon's North American same-store sales trend against Alo Yoga and Vuori foot traffic reports