Skip to Main content

8.76°^C Vancouver

News Entertainment Videos Shows Podcast Contact Us

Sep 20, 2024 7:02 PM - Connect Newsroom

'AI will destroy more jobs than it will create': Tiff Tiff Macklem

Share On

the-governor-of-canada-tiff-mcclam-gave-a-warning-in-a-ceremony

The governor of the Bank of Canada said that those who will lose their jobs due to this automation may struggle to find new opportunities, which is a matter of concern for all of us. (Photo: The Canadian Press)

Bank of Canada Governor Tiff Macklem warned at a ceremony on Friday that artificial intelligence could have a disruptive effect on the economy and could eliminate far more jobs than it is thought to create.

Macklem said that careful study is needed to learn about the unknown effects of this technique. In the AI conference organized by the National Bureau of Economic Research in Toronto, he said that there is still a lot of uncertainty about where artificial intelligence will take us. As AI becomes embedded in the economy, its impact will be transformative and may eliminate more jobs than it is expected to create.

The governor of the Bank of Canada said that those who will lose their jobs due to this automation may struggle to find new opportunities, which is a matter of concern for all of us.

Latest news

CanadaMar 03, 2026

Air Canada adds extra Toronto–Delhi flight amid Middle East disruptions

Air Canada says it is increasing capacity between Canada and India as it suspends several Middle East routes due to current conditions in the region. The airline announced it will add one additional flight on its Toronto–Delhi route from March 7 to March 21. That will bring the total to two daily flights between Toronto and Delhi during that period. Air Canada also said it will deploy larger aircraft on select Toronto–London–Mumbai flights to accommodate additional passenger demand. The changes come after the airline suspended all flights to and from Dubai and Tel Aviv until March 22. Ai

b-c-chief-coroner-announces-investigation-into-tumbler-ridge-mass-shooting

B.C. chief coroner announces investigation into Tumbler Ridge mass shooting

British Columbia Chief Coroner Jatinder Baidwan announced Tuesday that a formal investigation will be conducted into the mass shooting in Tumbler Ridge. Speaking at a press conference in Victoria, Baidwan said the purpose of the investigation is to establish the facts surrounding the incident and issue recommendations aimed at preventing similar tragedies in the future. He said the process is also intended to help restore public confidence in the system. According to the BC Coroners Service, the investigation will examine how individuals experiencing a mental health crisis are identified and w

minister-sunner-explains-the-need-of-bill-7-in-an-interview-with-connect-fm

Minister Sunner explains the need of Bill 7 in an interview with Connect FM

The BC government has introduced Bill 7, in the legislature to provide education quality assurance, strengthen oversight, and crack down on bad actors. In this regard, in an exclusive interview with Connect FM today, BC's Minister of Post-Secondary education and Future Skills, Jessie Sooner, answered questions about the need for the bill, its timeline, identification of bad actors and penalties, and its alignment with federal laws. Minister Sunner said, “this legislation will provide more tools and will be useful in maintaining international education standards.” Minister Sunner said that

provincial-site-funding-leads-to-121-arrests-major-drug-and-weapon-seizures-in-kelowna

Provincial SITE funding leads to 121 arrests, major drug and weapon seizures in Kelowna

The Kelowna RCMP says provincial funding through British Columbia’s Special Investigations and Targeted Enforcement program has led to 121 arrests, the recommendation of 163 criminal charges and the seizure of firearms, drugs and cash over a seven-month period. According to a Kelowna RCMP news release, the detachment received funding from the Province of British Columbia and the Ministry of Public Safety and Solicitor General to support additional intelligence-led enforcement between June 1, 2025, and Jan. 15, 2026. The initiative focused on violent crime, repeat offenders and organized crim

Two arrested after cocaine seizure in Langford drug trafficking investigation

Two Langford residents were arrested after police seized more than 350 grams of suspected cocaine, cash and silver during a drug trafficking investigation in the West Shore area. According to a release from the Westshore RCMP Drugs and Organized Crime Unit, the investigation began in February 2026 into a suspected drug trafficker operating in the region. On February 20, officers arrested a 44-year-old man and a 39-year-old woman and executed two search warrants at a Langford residence. Police said investigators located evidence consistent with a drug trafficking operation, including packaging

Related News

Air Canada adds extra Toronto–Delhi flight amid Middle East disruptions

Air Canada adds extra Toronto–Delhi flight amid Middle East disruptions

Air Canada says it is increasing capacity between Canada and India as it suspends several Middle East routes due to current conditions in the region. The airline announced it will add one additional flight on its Toronto–Delhi route from March 7 to March 21. That will bring the total to two daily flights between Toronto and Delhi during that period. Air Canada also said it will deploy larger aircraft on select Toronto–London–Mumbai flights to accommodate additional passenger demand. The changes come after the airline suspended all flights to and from Dubai and Tel Aviv until March 22. Ai

Minister Sunner explains the need of Bill 7 in an interview with Connect FM

Minister Sunner explains the need of Bill 7 in an interview with Connect FM

The BC government has introduced Bill 7, in the legislature to provide education quality assurance, strengthen oversight, and crack down on bad actors. In this regard, in an exclusive interview with Connect FM today, BC's Minister of Post-Secondary education and Future Skills, Jessie Sooner, answered questions about the need for the bill, its timeline, identification of bad actors and penalties, and its alignment with federal laws. Minister Sunner said, “this legislation will provide more tools and will be useful in maintaining international education standards.” Minister Sunner said that

Unseasonably warm temperatures set daily records in five B.C. communities

Unseasonably warm temperatures set daily records in five B.C. communities

Unseasonably warm weather has returned to British Columbia, with five communities setting new daily high temperature records this week, according to Environment Canada. In Pemberton, about 150 kilometres north of Vancouver, temperatures reached nearly 16 C on Monday, surpassing the previous daily record by almost 13 degrees. The earlier record had been set in 2025. In Trail, in the West Kootenay region, the temperature climbed to 14 C, breaking the previous record of 11 C set in 2021. Cranbrook, near the Alberta boundary, recorded 12.4 C, edging out the 12.1 C mark set in 1986. Environment Can

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

BC Children's Hospital