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Bank of Canada
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Bank of Canada

Canada's central bank, responsible for monetary policy and financial stability.

A Bank of Canada staff study reported on 24 August 2026 that AI has widened Canada's hiring gap far more than its firing gap.

Last refreshed: 22 September 2026

Key Question

Why does AI widen Canada's hiring gap more than its firing gap?

Timeline for Bank of Canada

#20 24 Aug

Published a staff study using Labour Force Survey microdata comparing AI-exposed and unexposed occupations

AI: Jobs, Power & Money: Mentioned in: Canada finds the hiring door narrowing
View full timeline →

Background

The Bank of Canada is Canada's central bank, responsible for monetary policy and financial stability. A staff study it published on 24 August 2026 found a job-finding gap between AI-exposed and unaffected occupations. That gap widened from 2.2 to 13.9 percentage points between 2015-19 and 2025 .

The same study found the separation rate, how likely someone already employed is to lose that job, barely moved: 0.0 to 0.1 points. On this evidence, AI makes hiring harder rather than firing more likely.

The finding is attributed to Bank of Canada staff research rather than the Bank's own policy position. It should be read as one input to the Bank's wider work, not an official verdict on AI and employment.

Common Questions
What did the Bank of Canada find about AI and job hiring?
A staff study published 24 August 2026 found the job-finding-rate gap between fully AI-exposed and zero-exposure occupations widened from 2.2 to 13.9 percentage points between 2015-19 and 2025, while the separation-rate gap moved FAR less.Source: Bank of Canada
When was the Bank of Canada founded and what does it do?
The Bank of Canada was established in 1935 as a federal Crown corporation. It sets monetary policy, issues currency, and oversees financial-system and payments stability, aiming to keep inflation low and stable.Source: Bank of Canada
Who is the Governor of the Bank of Canada?
Tiff Macklem has served as Governor of the Bank of Canada since June 2020, the tenth person to hold the role, and chairs the Bank's Governing Council on interest-rate decisions.Source: Bank of Canada
Does the Bank of Canada's AI study track people losing jobs or not finding them?
The study measured job-finding rates, not job losses. The separation-rate gap between AI-exposed and unexposed occupations moved only slightly, while the hiring gap widened sharply over the same decade.Source: Bank of Canada
Source Material
Staff analytical note on AI and job-finding ratesAbout the Bank of Canada