Skip to Main content

6.22°^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

alberta-premier-expresses-condolences-after-deadly-shooting-at-tumbler-ridge-secondary-school

AlbertaFeb 11, 2026

Alberta premier expresses condolences after deadly shooting at Tumbler Ridge secondary school

Alberta Premier Danielle Smith has expressed condolences following a deadly shooting at a secondary school in Tumbler Ridge, British Columbia, that left 10 people dead, including the alleged gunman. In a public statement, Smith said her thoughts are with the students, staff and families affected, adding that Alberta stands with the entire Tumbler Ridge community during what she described as an unimaginable tragedy. According to the BC RCMP, officers responded to reports of shots fired at Tumbler Ridge Secondary School at approximately 1:20 p.m. Police said six people were pronounced dead at th

federal-flags-lowered-for-seven-days-to-honour-victims-of-b-c-mass-shooting

Federal flags lowered for seven days to honour victims of B.C. mass shooting

Prime Minister Mark Carney has ordered flags on all federal buildings and institutions to be flown at half-mast for seven days following a deadly mass shooting in northeastern British Columbia that left 10 people dead, including the suspect. The attacks took place Tuesday in the small community of Tumbler Ridge. According to the RCMP, the suspect is believed to have first killed two people at a private residence before going to a local school, where several others were shot in what police have described as one of the most serious mass shootings in recent Canadian history. Investigators have sa

high-court-told-no-provision-for-virtual-participation-in-lok-sabha-amid-amritpal-singh-parole-plea

IndiaFeb 11, 2026

High Court told no provision for virtual participation in Lok Sabha amid Amritpal Singh parole plea

The Punjab and Haryana High Court on Tuesday heard a petition related to Khadoor Sahib MP Amritpal Singh seeking permission to participate in the ongoing Budget Session of Parliament. During the proceedings, the court was informed that the Rules of Procedure and Conduct of Business in Lok Sabha do not contain any provision allowing a Member of Parliament to attend or participate in House proceedings through virtual means. The submission was made as part of arguments concerning Singh’s request for relief that would enable him to take part in parliamentary proceedings. The court observed that

AlbertaFeb 11, 2026

AFN national chief says Alberta separation cannot proceed without First Nations consent

The national chief of the Assembly of First Nations says any attempt by Alberta to separate from Canada would require the consent of First Nations and cannot proceed without respecting treaty rights. Speaking Tuesday at an AFN conference in Calgary, Cindy Woodhouse Nepinak described the province’s separatist movement as illegitimate and unconstitutional. She said Canada is founded on treaties between the Crown and First Nations, and those agreements would remain in force regardless of provincial political movements. “Canada is treaty territory,” Woodhouse Nepinak told delegates. “First

AlbertaFeb 11, 2026

Calgary man charged after drone used to smuggle drugs into Manitoba prison

A Calgary man is facing drug trafficking charges after authorities allege a drone was used to deliver illicit substances to a federal prison in Manitoba. The RCMP say officers were alerted early Sunday morning after a drone dropped a package onto the grounds of Stony Mountain Institution, located north of Winnipeg. Correctional Service Canada confirmed the package contained methamphetamine and other controlled substances. Police said officers who were already in the area observed a vehicle parked near the institution around the same time. The vehicle was stopped, and investigators reported fin

Related News

Federal flags lowered for seven days to honour victims of B.C. mass shooting

Federal flags lowered for seven days to honour victims of B.C. mass shooting

Prime Minister Mark Carney has ordered flags on all federal buildings and institutions to be flown at half-mast for seven days following a deadly mass shooting in northeastern British Columbia that left 10 people dead, including the suspect. The attacks took place Tuesday in the small community of Tumbler Ridge. According to the RCMP, the suspect is believed to have first killed two people at a private residence before going to a local school, where several others were shot in what police have described as one of the most serious mass shootings in recent Canadian history. Investigators have sa

Prime Minister Mark Carney postpones Europe trip following fatal incident in Tumbler Ridge

Prime Minister Mark Carney postpones Europe trip following fatal incident in Tumbler Ridge

Prime Minister Mark Carney has postponed his scheduled trip to Europe in the wake of a tragic incident in Tumbler Ridge, British Columbia. The decision also means a planned announcement on Canada’s defence industrial strategy in Halifax on Wednesday will not proceed as scheduled. In a statement released Tuesday, Carney said the federal government stands with the people of British Columbia during what he described as a difficult time. He confirmed he has spoken with B.C. Premier David Eby and federal Public Safety Minister Gary Anandasangaree to receive updates on the situation. The prime min

Police confirm multiple deaths after shooting at Tumbler Ridge Secondary School

Police confirm multiple deaths after shooting at Tumbler Ridge Secondary School

Tumbler Ridge RCMP say multiple people are dead and others injured after a shooting at Tumbler Ridge Secondary School on Tuesday afternoon. Police were called at about 1:20 p.m. after a report of an active shooter and issued a Police Initiated Public Alert. The alert was cancelled at 5:45 p.m. after officers determined there were no outstanding suspects and no ongoing threat to the public. RCMP say an individual believed to be the shooter was found dead inside the school with what appears to be a self inflicted injury. Six other people were found dead in the school. Two victims were airlifted

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

BC Children's Hospital