The impact of AI-powered tools on the labor market and employment in Canada

Artificial Intelligence (AI) is a groundbreaking technology that empowers computer systems to perform tasks that traditionally relied on human intelligence. This transformative capability has sparked discussions about its potential impact on employment and the labor market. We found that, based on 5-digit NOC, the top 10 highly AI-exposed occupations are financial managers, business development officers and market researchers and analysts, banking and other investment managers, securities manager, trust officers, accountants, investment analysts, notaries public, financial auditors, lawyers and Quebec notaries in Canada. Considering the training and education, 15% Canadian occupations typically require a university degree, of which 70% of them are highly exposed to AI. Considering the broad occupational category, our findings also reveal that over 90% of occupations in "Business, finance, and administration occupations" and "Legislative and senior management occupations" are highly exposed to AI all of which employ of total 5,266,400 individuals in Canada. The highest exposed occupational category is “Business, finance, and administration occupations” with a 16.28% employment rate to a total of 3,284,000 employed people in Canada