17:14:10 EST Tue 20 Jan 2026
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Goldman Sachs CDR (CAD Hedged)
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Close 2026-01-19 C$ 46.88
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Globe/wire say BofA, rivals told AI poses risks

2026-01-20 07:35 ET - In the News

See In the News (C-BOFA) Bank of America CDR (CAD Hedged)

The Globe and Mail reports in its Tuesday edition that the International Monetary Fund raised its 2026 global growth forecast, citing business adaptation to easing U.S. tariffs and a surge in artificial intelligence investments. A Reuters dispatch to The Globe quotes IMF chief economist Pierre-Olivier Gourinchas saying, "We find that global growth remains quite resilient." He added that the fund's 2025 and 2026 growth forecasts now exceed predictions made in October, 2024, before Donald Trump was elected to a second term. "So, in a sense, the global economy is shaking off the trade and tariff disruptions of 2025 and is coming out ahead of what we were expecting before it all started," Mr. Gourinchas said. The IMF estimated U.S. growth for 2026 at 2.4 per cent, up 0.3 percentage point from October, owing in part to a big push from massive investment in AI infrastructure including data centres, powerful AI chips and power. Mr. Gourinchas said the AI boom poses risks for heightened inflation if it continues at its breakneck pace. But he added that if expectations that AI-driven productivity gains and profits are not realized, this could spark a correction in high market valuations that could crimp demand.

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