AI Threatens to Complicate Inflation-Taming Tasks, Bank of Canada Gov. Macklem Says
Adoption of artificial intelligence could prompt firms to change prices more frequently to reflect economic conditions.
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Bank of Canada trying to figure out how AI might affect inflation, Macklem says
Bank of Canada governor Tiff Macklem says there is a lot of uncertainty around how artificial intelligence could affect the ...
Fed's Waller: Weak inflation data cemented case for 50 basis point cut
U.S. Federal Reserve Governor Christopher Waller, one of the more ardent voices in the central bank's battle to hike interest ...
Bank of Canada: AI could boost inflationary pressures in short-term
OTTAWA, Sept 20 (Reuters) - Bank of Canada Governor Tiff Macklem on Friday said adoption of artificial intelligence (AI) by ...
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Bank of Canada drops plans to issue digital currency
The Bank of Canada began conducting research on a digital currency in 2020, including examining the implications of a digital ...
Bank of Canada Gov: AI Investments Could Add Short-Term Inflationary Pressure
OTTAWA--Investments in productivity-enhancing artificial intelligence are boosting demand in the economy, and that could put upward pressure on inflation in the short term, Bank of Canada Gov. Tiff ...
The inflation war is over. The next battle is just getting started
Two years ago, in a bid to catch up with sharply rising inflation, the Bank of Canada did something that Governor Tiff ...
Canada Retail Sales Climb 0.9% in July, Seen Up Again in August
Strengthening sales volumes will be welcome news to the Bank of Canada, which has been concerned about downside risks to the ...
Milton residents cautiously optimistic as inflation drops to Bank of Canada’s target
The residents of Milton have varied responses and are reacting with relief as Canada's inflation rate down to two per cent last month, hitting the Bank of Canada's target after ...
‘Exceptional’ mortgage rates spotted in Canada after U.S. Fed rate cut
Ripple effects from the U.S. Federal Reserve's half-point rate cut on Wednesday are already being felt in Canada, according to experts.
Macklem warns AI may stoke inflation through demand boost
In a Friday speech in Toronto, Macklem said strong investment in AI is boosting demand as rising equity prices and hiring add to consumption. Electricity demand is also “surging” because of the ...