Tangerine CEO: There's a Fear of Job Losses to Robots

The video discusses the transformative impact of technology across various industries, emphasizing the importance of 5G networks, innovation in financial services, and the rapid evolution of the labor market. It highlights the need for increased R&D investment in Canada to maintain competitiveness and explores the potential for Canada to become a global leader in select industries. The discussion also addresses the challenges and opportunities presented by new technologies such as AI and robotics.

What is one way Canada can enhance its global competitiveness according to the discussion?

• By reducing taxes on businesses

• By leading in the deployment of 5G networks

• By investing in traditional industries

• By increasing exports of natural resources

Which of the following technologies is NOT mentioned as a new development in the second section?

• Augmented Reality

• Artificial Intelligence

• 3D Printing

• Blockchain

What is a major challenge for businesses in integrating new technologies?

• Resistance from customers

• High cost of technology

• Regulatory hurdles

• Lack of skilled personnel

How is the labor market expected to change with technological advancements?

• Stagnation in job growth

• Emergence of new job roles

• Increase in manual labor jobs

• Decrease in job opportunities

What is a suggested strategy for Canadian companies to remain competitive globally?

• Expand into new international markets

• Diversify product offerings

• Increase investment in research and development

• Focus on cost-cutting measures

Which industry is highlighted as a potential area for Canada to lead globally?

• Automotive

• Textile

• Tourism

• Agriculture

What cultural change is suggested for Canada to aim for global leadership?

• Prioritize domestic over international markets

• Focus on maintaining the status quo

• Aim to be number one instead of settling for lower ranks

• Embrace a risk-averse mindset