Skip to Main content

22.68°^C Vancouver

News Entertainment Sports 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

carney-targets-new-trade-agreements-with-asean-india-and-other-asian-partners-by-year-end

CanadaJul 29, 2026

Carney targets new trade agreements with ASEAN, India and other Asian partners by year-end

Prime Minister Mark Carney says Canada aims to finalize new trade agreements with ASEAN member states, India, Thailand and the Philippines by the end of 2026, a move the federal government says would give Canadian businesses access to markets representing nearly three billion consumers. Speaking to reporters in Red Deer, Alta., Carney said the government intends to conclude free trade agreements with India and other key partners before the end of the year. According to the prime minister, the agreements are expected to create new opportunities for Canadian businesses in some of the Asia-Pacifi

Four arrested after anti-gang probe uncovers suspected synthetic drug lab in Abbotsford

The Combined Forces Special Enforcement Unit of British Columbia (CFSEU-BC) says four people were arrested after investigators uncovered a suspected clandestine synthetic drug laboratory in rural Abbotsford and seized drugs, firearms and commercial explosives during coordinated search warrants. According to CFSEU-BC spokesperson Sgt. Sarbjit Kaur Sangha, the investigation began in February 2026 after police received information suggesting a suspect was involved in firearms trafficking and illicit drug production. On May 21, officers executed simultaneous search warrants at multiple properties

federal-alberta-governments-announce-510m-housing-infrastructure-agreement

AlbertaJul 29, 2026

Federal, Alberta governments announce $510M housing infrastructure agreement

Prime Minister Mark Carney and Alberta Premier Danielle Smith have announced a new infrastructure agreement aimed at supporting housing development across the province through upgrades to essential municipal services. Under the agreement, the Government of Canada will invest more than $510 million over the next eight years through the Canada Housing Infrastructure Fund (CHIF). According to the federal and provincial announcement, the funding will help municipalities build and upgrade drinking water, wastewater, sewer and stormwater infrastructure needed to support new housing construction. In

more-than-100-aftershocks-follow-powerful-earthquake-in-japans-kyushu-region-death-toll-rises-to-13

WorldJul 29, 2026

More than 100 aftershocks follow powerful earthquake in Japan's Kyushu region; death toll rises to 13

Rescue crews in Japan's Kyushu region continued search operations Wednesday after a magnitude 6.8 earthquake triggered more than 100 aftershocks, leaving at least 13 people dead, according to Japanese authorities. The hardest-hit areas include Kumamoto Prefecture, where emergency crews are searching through the rubble of a paper factory and a shopping mall despite high temperatures. Authorities said the damage worsened after an explosion occurred at the shopping mall about an hour after the initial earthquake. Japanese Prime Minister Sanae Takaichi said rescue efforts remain focused on reachin

westjet-flight-attendants-sign-operational-wind-down-agreement-as-aug-2-strike-deadline-approaches

CanadaJul 29, 2026

WestJet, flight attendants sign operational wind-down agreement as Aug. 2 strike deadline approaches

WestJet and the union representing approximately 4,400 flight attendants have signed an operational wind-down agreement outlining procedures to safely land aircraft and return cabin crew home in the event of a strike. Flight attendants could begin strike action as early as Aug. 2 if the two sides fail to reach a new collective agreement. A work stoppage could disrupt travel plans for thousands of passengers during the August long weekend. Under Canada's labour rules, the union must provide at least 72 hours' strike notice before any job action can begin. If notice is issued, some flight cancel

Related News

Carney targets new trade agreements with ASEAN, India and other Asian partners by year-end

Carney targets new trade agreements with ASEAN, India and other Asian partners by year-end

Prime Minister Mark Carney says Canada aims to finalize new trade agreements with ASEAN member states, India, Thailand and the Philippines by the end of 2026, a move the federal government says would give Canadian businesses access to markets representing nearly three billion consumers. Speaking to reporters in Red Deer, Alta., Carney said the government intends to conclude free trade agreements with India and other key partners before the end of the year. According to the prime minister, the agreements are expected to create new opportunities for Canadian businesses in some of the Asia-Pacifi

WestJet, flight attendants sign operational wind-down agreement as Aug. 2 strike deadline approaches

WestJet, flight attendants sign operational wind-down agreement as Aug. 2 strike deadline approaches

WestJet and the union representing approximately 4,400 flight attendants have signed an operational wind-down agreement outlining procedures to safely land aircraft and return cabin crew home in the event of a strike. Flight attendants could begin strike action as early as Aug. 2 if the two sides fail to reach a new collective agreement. A work stoppage could disrupt travel plans for thousands of passengers during the August long weekend. Under Canada's labour rules, the union must provide at least 72 hours' strike notice before any job action can begin. If notice is issued, some flight cancel

About 10,000 federal public servants apply for early retirement program

About 10,000 federal public servants apply for early retirement program

About 10,000 federal public servants have applied for the federal government's early retirement program, introduced as part of its plan to reduce the size of the public service. According to the Treasury Board of Canada Secretariat, 10,006 applications had been received as of Tuesday, following last week's application deadline. The program was offered to eligible employees after the government began sending information packages to about 68,000 public servants in December. Employees aged 50 and older with at least 10 years of federal employment and a minimum of two years of pensionable service

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

Broadcasting Notice of Consultation

BC Children's Hospital