Desmarais Scion Sees 'Friction' Behind Canada's Fintech Lag

The transcript discusses Canada's fintech challenges, including regulatory issues and market friction. It highlights the impact of unicorns and regulations on fintech growth, with a focus on Wealthsimple's growth and IPO plans. The conversation also covers market volatility, investment perspectives, and entrepreneurial opportunities in Canada, emphasizing the potential for success and the challenges in the pot industry.

What are the main reasons cited for Canada's lag in the fintech sector compared to other markets?

How does regulatory friction impact consumer choice in the fintech market?

What role do unicorns play in the fintech ecosystem, according to the discussion?

What challenges did Wealthsimple face when starting, and how did they overcome them?

What is the speaker's perspective on the current investment climate in Canada?