The Financial Post reports in its Thursday, Sept. 24, edition that the Bank of Canada has introduced a new artificial intelligence model called Prima to assist with economic forecasting. The Post's Paula Tran writes that Governor Tiff Macklem announced this on Monday in Halifax, highlighting concerns that new United States tariffs could significantly reduce Canada's fourth quarter growth. Mr. Macklem said the model will help monetary policy-makers distinguish between temporary inflation pressures and more persistent ones. It will also help consider alternative scenarios as part of their quarterly economic forecasts. Prima will be used for the first time as the BOC's primary forecasting model for its next interest rate announcement and Monetary Policy Report, which is scheduled for Oct. 28. Mr. Macklem said: "No model is going to solve every problem, but we are hopeful that this model will be better suited for a world with more supply shocks and in a more interconnected world. We can use that to go back and look at how it would have performed through key episodes, but we'll also be using it to forecast going forward." He added: "It's still early days. We want to make sure we use AI responsibly."