Canada says AI strategy will help create 250,000 jobs, boost GDP by 3%
Canada says AI strategy will help create 250,000 jobs, boost GDP by 3%
https://whbl.com/2026/06/04/canada-says-ai-strategy-will-help-create-250000-jobs-boost-gdp-by-3/
Publish Date: 2026-06-04 13:27:00
Source Domain: whbl.com
- 250,000 Jobs Creation: Canada’s new AI strategy aims to create 250,000 jobs by 2031 through increased investment and productivity.
- C$500 Million Tech Fund: The government is launching a C$500 million Canadian Tech Growth Fund to support homegrown AI companies and to counteract the capital advantage held by U.S. tech giants.
- GDP Increase: The strategy is expected to increase Canada’s GDP by 3%, generating nearly C$200 billion in commercialization and AI use.
- Digital and AI Sector Employment: The current digital sector employs about 800,000 workers, contributing more than C$140 billion to GDP, with 150,000 directly related to AI.
- Financing for SMEs: An additional C$500 million initiative through the Business Development Bank of Canada will finance AI tools for small and medium-sized enterprises.
- Privacy Legislation: Canada plans to introduce new consumer privacy laws to protect children, combat deep fakes, and enhance control over personal data, but no implementation timeline was given.
- Investment in AI Risk Management: The government will spend C$50 million to track emerging AI risks and conduct transparent evaluations of AI models.
