<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>Sparks at Bank - Canadian businesses’ use of AI: What the evidence shows</label>
    <description><![CDATA[As businesses worldwide are adopting artificial intelligence to boost productivity, little has been known about how businesses in Canada are using it. Survey results from the Bank of Canada show that AI adoption remains at an early stage for many Canadian businesses. As well, businesses expect AI to affect capital spending and employment, but only gradually.]]></description>
    <link></link>
</groupDetail>
<seriesDetail>
<series id="SABA_CHAW20260819_C1_S1">
<label>Use of artificial intelligence (AI) in core business operations (share of firms)</label>
<description>Use of artificial intelligence (AI) in core business operations (share of firms)</description>
<dimension key="k" name="Category"/>
</series>
<series id="SABA_CHAW20260819_C2_S1">
<label>Next 12 months</label>
<description>Next 12 months</description>
<dimension key="k" name="Category"/>
</series>
<series id="SABA_CHAW20260819_C2_S2">
<label>Next 3 years</label>
<description>Next 3 years</description>
<dimension key="k" name="Category"/>
</series>
<series id="SABA_CHAW20260819_C3_S1">
<label>Next 12 months</label>
<description>Next 12 months</description>
<dimension key="k" name="Category"/>
</series>
<series id="SABA_CHAW20260819_C3_S2">
<label>Next 3 years</label>
<description>Next 3 years</description>
<dimension key="k" name="Category"/>
</series>
</seriesDetail>
<observations>
<o k="Low use"><v s="SABA_CHAW20260819_C1_S1">29</v></o>
<o k="Moderate use"><v s="SABA_CHAW20260819_C1_S1">21</v></o>
<o k="Significant use"><v s="SABA_CHAW20260819_C1_S1">8</v></o>
<o k="Not using AI but plan to start using it in the next 12 months"><v s="SABA_CHAW20260819_C1_S1">11</v></o>
<o k="Not using AI and do not plan to use it in the next 12 months"><v s="SABA_CHAW20260819_C1_S1">28</v></o>
<o k="I don’t know"><v s="SABA_CHAW20260819_C1_S1">3</v></o>
<o k="Large negative impact"><v s="SABA_CHAW20260819_C2_S1">1.2</v><v s="SABA_CHAW20260819_C2_S2">1.3</v><v s="SABA_CHAW20260819_C3_S1">4.7</v><v s="SABA_CHAW20260819_C3_S2">8.8</v></o>
<o k="Small negative impact"><v s="SABA_CHAW20260819_C2_S1">2.3</v><v s="SABA_CHAW20260819_C2_S2">3.8</v><v s="SABA_CHAW20260819_C3_S1">8.2</v><v s="SABA_CHAW20260819_C3_S2">13.8</v></o>
<o k="No material impact; not using AI"><v s="SABA_CHAW20260819_C2_S1">68.6</v><v s="SABA_CHAW20260819_C2_S2">56.4</v><v s="SABA_CHAW20260819_C3_S1">78.8</v><v s="SABA_CHAW20260819_C3_S2">66.3</v></o>
<o k="Small positive impact"><v s="SABA_CHAW20260819_C2_S1">19.8</v><v s="SABA_CHAW20260819_C2_S2">25.6</v><v s="SABA_CHAW20260819_C3_S1">5.9</v><v s="SABA_CHAW20260819_C3_S2">6.3</v></o>
<o k="Large positive impact"><v s="SABA_CHAW20260819_C2_S1">8.1</v><v s="SABA_CHAW20260819_C2_S2">12.8</v><v s="SABA_CHAW20260819_C3_S1">2.4</v><v s="SABA_CHAW20260819_C3_S2">5.0</v></o>
</observations>
</data>