10:57:21 EDT Wed 15 Jul 2026
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Meta CDR (CAD Hedged)
Symbol META
Shares Issued 26,150,000
Close 2026-07-14 C$ 35.12
Market Cap C$ 918,388,000
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Globe/NYT say Meta, rivals hear AI benefiting workers

2026-07-15 09:53 ET - In the News

Also In the News (C-AAPL) Apple CDR (CAD Hedged)
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The Globe and Mail reports in its Wednesday edition that there is a division over whether artificial intelligence is making American workers more productive yet. A New York Times dispatch to The Globe reports that labour productivity has been rising at its fastest pace in two decades, driven by factors like tight labour markets, digitization and remote work. AI is a contributing factor, but not the main driver. Jerome Powell said in March, "I never thought I'd see this many years of really high productivity and, by the way, expect it to continue. And we haven't really started to see the effects of generative AI." In the best of times, productivity gains reflect workers using new tools or methods to work more efficiently. This benefits workers, customers and business owners alike: firms can produce more in the same or fewer hours, potentially increasing revenue, reinvesting in operations and paying workers more without sacrificing profitability or raising prices. KKR investment chief Henry McVey says he was seeing exactly that across his portfolio -- in health care, tech and retail. Restaurant chains are using cloud computing to manage inventory better. Remote work has helped companies hire from a bigger talent pool.

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