BoC: AI Adoption Showing Early Productivity Gains, No Major Job Losses
Alexopoulos: Speech focused on AI and productivity in Ottawa
- AI has not led to large-scale job losses in Canada
- Around 12% of Canadian firms use AI, with adoption uneven across sectors
- AI may change how people work, but not necessarily reduce overall employment
- AI has potential to boost productivity and living standards
- Early signs of small productivity gains from AI are emerging