<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>Chart 2: Firms anticipate artificial intelligence will have a positive impact on capital spending over the medium term</label>
    <description><![CDATA[Expected impact of artificial intelligence (AI) on capital spending (share of firms that provided a response)

Responses are to the question in the Business Leaders’ Pulse that asked, “How do you expect this [usage of AI] to affect the capital expenditure of your firm over the next 12 months and the next 3 years?” A large positive impact corresponds to an increase of 10% or more; a small positive impact corresponds to an increase of less than 10%; a small negative impact corresponds to a decrease of less than 10%; and a large negative impact corresponds to a decrease of 10% or more. Shares may not sum to 100 due to rounding.

Bank of Canada and Bank of Canada calculations]]></description>
    <link></link>
</groupDetail>
<seriesDetail>
<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>
</seriesDetail>
<observations>
<o k="Large negative impact"><v s="SABA_CHAW20260819_C2_S1">1.2</v><v s="SABA_CHAW20260819_C2_S2">1.3</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></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></o>
<o k="Small positive impact"><v s="SABA_CHAW20260819_C2_S1">19.8</v><v s="SABA_CHAW20260819_C2_S2">25.6</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></o>
</observations>
</data>