The Bank of Canada says there is no evidence of widespread job losses from AI so far. Instead of outright elimination, AI is reshaping how tasks are done, with some roles changing while new jobs emerge. Early signals also suggest modest productivity improvements, which could eventually translate into better wages and lower costs for consumers.
With the US Federal Reserve signaling just one interest-rate cut this year and the Bank of Canada keeping rates unchanged, policymakers are confronting a tough tradeoff. While growth risks are in focus, officials must decide whether to ease borrowing costs or hold firm—underlining how tightly linked global policy decisions now are.
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