Bankers' AI Enthusiasm Masks a Bigger Issue: Jobs on the Line The Canadian banking sector has become enamored with artificial intelligence (AI), with CEOs touting its potential to save hours and boost efficiency.
However, beneath the excitement lies a pressing concern: the impact of AI on jobs. Canada's Big Five banks employ nearly 400,000 full time equivalent workers, double the number in auto assembly and parts manufacturing.
But when machines begin to perform tasks previously done by humans, jobs are at risk.