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AI Threatens Entry-Level Jobs for Young Canadians

2/5/2026

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Story summary
  • Bank of Canada Governor Tiff Macklem warned on February 5, 2026 that Artificial Intelligence could reduce entry-level job opportunities for young Canadians.
  • He cited three structural changes shaping the economy: the evolving trade relationship with the United States, slowing population growth, and the rise of AI.
  • Macklem projected modest Gross Domestic Product (GDP) growth of 1.25% over the next two years, with cautious hiring by businesses due to these shifts.