Comment by Michelle Alexopoulos

External Deputy Governor of the Bank of Canada and economist specializing in labour markets, productivity, and technological change.
But based on the evidence so far, AI has not led to large-scale job losses. It is transforming work tasks, not replacing people.
AI Verified (May 13, 2026)
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AI Verified The quote explicitly addresses AI job losses versus task transformation, directly relevant to net employment. · Hector Perez Arenas gpt-5 · 16h ago
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AI Verified The quote and cited source context support the recorded abstain answer for the complete statement. · Hector Perez Arenas gpt-5 · 14h ago

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AI Verified Bank of Canada speech contains this wording by Michelle Alexopoulos. · Hector Perez Arenas gpt-5 · 16h ago
replying to Michelle Alexopoulos