More than half of Canadians foresee an impending recession, with a third already perceiving economic downturn, reports Dye & Durham. Martha Vallance, COO, pointed to squeezed purchasing power due to high interest rates, affecting housing, retail, and legal services.
Amid economic uncertainty, artificial intelligence emerges as a potential game-changer. However, Dye & Durham’s Q3 2023 Canadian Pulse Report highlights a paradox: 87% experiment with AI, but are hesitant when used professionally.
Bridging the comfort gap is key, especially as AI promises efficiency and accuracy in fintech, requiring client education on its integration.
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