The Rundown 10/31/25: Bank of Canada’s Big Move, Meta’s $200B Mistake, and Canada’s Fintech Boom

Episode notes

In this episode of Tank Talks, host Matt Cohen is joined by John Ruffolo to break down the week’s biggest stories shaping the innovation economy. From the Bank of Canada’s surprise rate cut to Meta’s $200B market crash, and the rise of Canada’s fintech and stablecoin revolution. They kick off with a spotlight on Waterloo’s AI-powered baseball tech that’s changing Major League play, before unpacking the renewed U.S.-Canada tariff tensions and what the Bank’s fourth rate cut signals for inflation, growth, and fiscal strategy ahead of the November 4th budget. The two also dive deep into the stablecoin boom, Mastercard’s $2B bet on crypto infrastructure, and how Ottawa is scrambling to keep pace with the U.S. Genius Act and its implications for the future of Canadian payments. Matt and John then turn to Wealthsimple’s record-breaking $10B valuation and what it means for Canada’s domestic market opportunity, before dissecting Meta’s controversial accounting maneuvers that wiped out $200B in market cap. They close by exploring OpenAI’s trillion-dollar restructuring, Microsoft’s 20x return on investment, and the race among tech giants to fund the next phase of AI infrastructure.

• The Rundown 6/23/26: The AI Hype Machine, Canada’s Capital Gap, and the Return of Hard Tech79 / 100
• Why Canada’s Trading Market is Ready for Disruption with Michael Arbus of moomoo Canada68 / 100
• The Brutal Truth About Hardware Startups and Physical AI with Aidan Madigan-Curtis of Eclipse Capital78 / 100
• The Rundown 6/4/22: Alphabet’s $80B AI Bet, Anthropic’s IPO Push, and the New AI Capital War
• The Rundown 5/25/26: SPACs Are Back: Xanadu, UniUni, and Canada’s Capital Gap