Wealthsimple Unveils AI Assistant Penny

Wealthsimple unveils Penny, an AI assistant for financial management, at its Toronto showcase on Thursday. The firm, valued at $13.8-billion, serves over four million Canadians managing $169 billion in assets. Penny allows users to move money and place trades but requires manual sign-off before actioning decisions, with broad availability expected by late 2026 or early 2027.