Summary
This report examines the impact of artificial intelligence (AI) on Canada's labour market, particularly in comparison to the United States. It outlines the complexities of AI adoption, noting that while the U.S. leads in AI integration, Canada is also experiencing shifts in employment dynamics. The report details how AI adoption rates in Canada lag behind those in the U.S., with up to 60-80% of U.S. companies utilizing AI compared to lower rates in Canada. It presents findings on employment trends, indicating that sectors with higher AI adoption in the U.S. are facing slower job growth, while Canada shows resilience in employment despite AI exposure. The report also discusses wage trends, highlighting that youth in AI-complementary roles are seeing faster wage growth. Additionally, it notes that Canadian educational institutions are adapting to prepare graduates for an AI-influenced job market, emphasizing critical thinking and skills that complement AI technology. Overall, the report suggests that while AI's influence is growing, it is not yet a dominant force in shaping Canada's labour market.
