In an insightful address at an AI conference in Toronto, Bank of Canada Governor Tiff Macklem highlighted how the rapid adoption of artificial intelligence (AI) technologies could induce short-term inflationary pressures. His views reflect ongoing debates about the balance between technological advancements and economic stability. Macklem’s main argument centers on the premise that while AI […]
Canada Pauses CBDC Project Amid Public Disinterest
The concept of a Central Bank Digital Currency (CBDC) has sparked interest and debate across the globe. Various countries are advancing towards this digital transformation, but Canada has recently decided to pause its own CBDC initiative due to overwhelming public indifference. A significant survey indicated that a staggering 87% of Canadians expressed clear disinterest in […]