The Globe and Mail reports in its Thursday, May 14, edition that the Bank of Canada says there is currently no clear evidence of widespread job losses due to artificial intelligence. The Globe's Vanmala Subramaniam and Mark Rendell write that BOC external deputy governor Michelle Alexopoulos said Wednesday that as AI continues to improve and more companies implement it, there could be wholesale changes to how the economy works. She said, "By lowering costs for businesses and improving efficiencies, AI could support higher wages, reduce prices for consumers and spur new investment." She noted that the BOC has already seen evidence of "small productivity gains" from AI. Ms. Alexopoulos added that the bank is monitoring employment data closely for signs that AI is having a material impact on the labour market. "To be sure, some workers are already feeling the effects of AI," she said, pointing to weak hiring in roles such as entry-level coding and customer service -- jobs that tend to have a higher proportion of younger workers. Ms. Alexopoulos emphasized that the bank is aware that AI could disproportionately affect younger workers, but that it also has the potential to transform jobs and create new ones.