OTTAWA - The Bank of Canada isn’t yet seeing widespread job losses from artificial intelligence but senior officials at the central bank are watching the labour market closely as AI adoption advances.
The bank’s external deputy governor Michelle Alexopoulos is speaking to a business audience in Ottawa today about the implications of AI on the economy.
Alexopoulos says in prepared remarks that it’s still too soon to say whether AI will have a sweeping impact on the way we do business like the computer did, or whether it will end up a powerful but niche technology.
She says AI has the potential to drive productivity gains in Canada, which can help to boost workers’ wages without stoking inflation.
The Bank of Canada hasn’t seen widespread evidence of AI replacing workers in the labour market but Alexopoulos does say the central bank expects some roles will be eventually eliminated by the technology while others will be created or transformed.
She says youth and workers in AI-exposed sectors such as coding or customer service ought to brush up on AI skills as demand rises for working with the emerging technology.
This report by The Canadian Press was first published May 13, 2026.
/AI%20(artificial%20intelligence)/AI%20microchip%20by%20DesignKingBD360%20via%20Shutterstock.jpg)
/A%20Palantir%20office%20building%20in%20Tokyo_%20Image%20by%20Hiroshi-Mori-Stock%20via%20Shutterstock_.jpg)