Bank of Canada Finds No Widespread AI Job Losses
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Bank of Canada says there is no clear evidence to date that artificial intelligence has caused widespread job losses in Canada.
- Bank of Canada reports small productivity gains from AI adoption, noting lower business costs and improved efficiencies.
- Statistics Canada' June 2025 study found that 90 % of firms using AI saw no change in staffing, while 4 % reported job creation and 6 % reported reduced staffing.
- Statistics Canada' September 2025 survey indicated that businesses anticipate a more negative impact of AI on employment.
- Bank of Canada' Q1 2026 consumer survey showed 31 % of respondents use AI to generate or edit content and 24 % use it to analyze data and code, primarily to boost productivity rather than replace workers.
Why it matters: Businesses gain from AI‑driven productivity gains, while younger workers in entry‑level coding and customer service face reduced hiring; the shift can alter wage dynamics and consumer prices across Canada.
