Research Fixed Income
News, Events, & Reports

Print.

Print

Small font size A Larger text size A Largest text size A

UBS Notes Bank of Canada Q1 Surveys Look at Productivity Boost From Artificial Intelligence

BY MT Newswires | ECONOMIC | 10:16 AM EDT

10:16 AM EDT, 04/21/2026 (MT Newswires) -- The Bank of Canada released on Monday its Q1 Business Outlook (BOS) and consumer (CSCE) surveys, said UBS.

In BoC's release, there was also a box on how workers are using artificial intelligence (AI) and how consumers see this impacting job conditions, wrote the bank in a note to clients.

In terms of overall AI use at work, 60% stated that they were using AI at work, 35% stated they didn't use this at all, while 5% were unsure.

More than 14% of those using AI thought there was an over 50% probability of AI use boosting their productivity. The net impact on job outcomes is 1.8%, while the salary outcomes are basically zero.

As for the net impacts of those using AI at work, the net share reporting a higher than 50% probability that this results in more hours was -6.6%, and for those not using AI, this was -8.2%.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

More Fixed Income News

AM Best Affirms Credit Ratings of Compagnie Commune de R?assurance des Etats Membres de la CIMA BY Business Wire |CORPORATE 12:42 PM EDT
*--Atlanta Fed US Q1 GDP Nowcast Estimate 1.2% Gain Vs Previous 1.3% Gain BY MT Newswires |ECONOMIC 12:30 PM EDT
Bank of Canada Should Resume Rate Easing as March CPI Is Lower Than Expected, Says Rosenberg Research BY MT Newswires |ECONOMIC 12:24 PM EDT
Fed nominee Warsh spars with Democratic senators over asset divestment plan BY Reuters |ECONOMIC 12:14 PM EDT

All Fixed Income News

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

© 1998 – 2014 FMR LLC.

All rights reserved.

fir_news_article