Canadian businesses are rapidly increasing AI spending, according to new Float transaction data from more than 10,000 companies. Among 2,644 businesses active on Float in both August 2024 and August 2026, monthly AI spending increased more than twelvefold, while adoption rose from 27 percent to 47 percent.
Float says the data captures actual purchases rather than survey intentions, offering a clearer view of how AI is entering company budgets. The surge also brings new challenges around cost control, predictability, and governance as finance teams manage a growing mix of AI subscriptions and tools across their organizations and technology spending strategies.
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