Skip to Main content

8.02°^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

teen-charged-in-connection-with-overdose-deaths-on-tsuutina-nation

AlbertaDec 05, 2025

Teen charged in connection with overdose deaths on Tsuut’ina Nation

Calgary police say a 17-year-old has been charged following two fatal overdoses on the neighbouring Tsuut’ina Nation earlier this summer, an incident that has renewed concerns about youth involvement in the province’s illicit drug trade. Investigators allege the teen had been selling cocaine, including during school lunch hours. Officers executed a search warrant at a Calgary residence as part of the investigation. Police say they seized several items, including cellphones, cash, digital scales, bear spray and quantities of cocaine and methamphetamines. Authorities note that Alberta contin

pedestrian-dies-after-early-morning-collision-with-pickup-truck-in-abbotsford

Pedestrian dies after early morning collision with pickup truck in Abbotsford

A pedestrian has died after being hit by a pickup truck early Friday morning in Abbotsford, in an area police say is known for limited street lighting. Abbotsford police report the collision occurred around 5:30 a.m. on McCallum Road, just south of Busby Road and north of the Trans Canada Highway. First responders found the pedestrian with life-threatening injuries, and the individual was later pronounced dead in hospital. Investigators say the driver of the pickup truck remained at the scene and has been cooperating with officers. Early findings suggest that both the low lighting conditions a

AlbertaDec 05, 2025

Man dies in crash involving school bus near Millet, Alta., no students injured

A 70-year-old man from Sherwood Park has died after an SUV collided head-on with a school bus on a rural road south of Edmonton. RCMP were called to the intersection near Millet shortly before 8 a.m. Thursday, where officers found the SUV driver deceased at the scene. Police say five people were on the bus, including four students, and none of them were injured. The bus was operating within the Wetaskiwin-area school system, which serves families across central Alberta, including commuters who regularly travel the region’s grid roads during winter weather. Investigators say poor road conditi

cbsa-reports-backlog-of-long-standing-removal-warrants-as-removals-reach-record-levels

CanadaDec 05, 2025

CBSA reports backlog of long-standing removal warrants as removals reach record levels

The Canada Border Services Agency says it is removing more people from the country than ever before, yet more than 10,000 active removal warrants have remained open for over a year. Newly released agency statistics show the CBSA is currently tracking about 33,000 outstanding warrants linked to individuals who did not comply with a removal order. Appearing before parliamentarians, CBSA vice-president Aaron McCrorie said more than 22,000 people have been removed from Canada over the past 12 months. He noted that while most individuals follow the instructions in a removal order, warrants are issu

canadas-november-jobs-report-to-offer-final-economic-signal-ahead-of-next-bank-of-canada-rate-decision

CanadaDec 05, 2025

Canada’s November jobs report to offer final economic signal ahead of next Bank of Canada rate decision

Statistics Canada is expected to release its November employment report this morning, providing the last major economic indicator before the Bank of Canada delivers its final interest rate decision of the year next week. Economists say the data will help shape expectations about whether the central bank sees enough evidence of a cooling economy to justify future rate cuts. A survey of economists conducted by Reuters suggested the national unemployment rate likely rose to seven per cent in November, with a modest loss of about 5,000 jobs. Analysts at Royal Bank, however, anticipate the jobless

Related News

CBSA reports backlog of long-standing removal warrants as removals reach record levels

CBSA reports backlog of long-standing removal warrants as removals reach record levels

The Canada Border Services Agency says it is removing more people from the country than ever before, yet more than 10,000 active removal warrants have remained open for over a year. Newly released agency statistics show the CBSA is currently tracking about 33,000 outstanding warrants linked to individuals who did not comply with a removal order. Appearing before parliamentarians, CBSA vice-president Aaron McCrorie said more than 22,000 people have been removed from Canada over the past 12 months. He noted that while most individuals follow the instructions in a removal order, warrants are issu

Canada’s November jobs report to offer final economic signal ahead of next Bank of Canada rate decision

Canada’s November jobs report to offer final economic signal ahead of next Bank of Canada rate decision

Statistics Canada is expected to release its November employment report this morning, providing the last major economic indicator before the Bank of Canada delivers its final interest rate decision of the year next week. Economists say the data will help shape expectations about whether the central bank sees enough evidence of a cooling economy to justify future rate cuts. A survey of economists conducted by Reuters suggested the national unemployment rate likely rose to seven per cent in November, with a modest loss of about 5,000 jobs. Analysts at Royal Bank, however, anticipate the jobless

John Rustad steps down as B.C. Conservative leader after caucus revolt

John Rustad steps down as B.C. Conservative leader after caucus revolt

John Rustad has resigned as leader of the Conservative Party of B.C., ending a tense standoff that unfolded over the past two days between him, his caucus and the party’s executive. His departure comes less than 24 hours after he publicly rejected calls to quit, insisting he still held the mandate to lead. In a written statement released today, Rustad said the internal dispute was not the result of a hostile takeover by former BC Liberal members, responding to concerns raised by some supporters after last year’s political realignment that saw several MLAs cross over to the Conservatives. H

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

BC Children's Hospital