Bank of Canada Deploys AI Forecasting Model as Canada's AI Adoption Surges, But Talent and Trust Gaps Persist

The Bank of Canada has unveiled Prima, a new AI model that will serve as its primary forecasting tool for the October Monetary Policy Report. Governor Tiff Macklem announced the model in Halifax, warning that U.S. tariffs could slash Q4 growth in half. Prima is designed to distinguish temporary inflation pressures from persistent ones and model alternative scenarios—a clear sign that AI is graduating from experiment to critical infrastructure in Canada’s most sensitive economic...