Business

Canadians grade themselves a 'C' in AI knowledge and proficiency, TD survey finds

Canadians grade themselves a 'C' in AI knowledge and proficiency, TD survey finds Canad...

Toronto-dominion BankJune 17, 20253
Canadians grade themselves a 'C' in AI knowledge and proficiency, TD survey finds

About this update from Toronto-dominion Bank

Canadians grade themselves a 'C' in AI knowledge and proficiency, TD survey finds /* Style Definitions */ span.prnews_span { font-size:8pt; font-family:"Arial"; color:black; } a.prnews_a { color:blue; } li.prnews_li { font-size:8pt; font-family:"Arial"; color:black; } p.prnews_p { font-size:0.62em; font-family:"Arial"; color:black; margin:0in; } .prntac{ TEXT-ALIGN: CENTER } Canada NewsWire New 2025 TD AI Insights Report reveals trust may be the key to closing Canada's AI confidence gap TORONTO , June 17, 2025 /CNW/ - Artificial Intelligence (AI) is fast becoming integrated into Canadians' everyday lives. Yet when it comes to understanding and trusting the technology, there is room to grow. A new North American survey commissioned by TD ("TD" or the "Bank") and Ipsos reveals while many Canadians may be more capable with AI than they think, low levels of trust and limited familiarity could be holding them back from fully embracing its potential. Disconnect in Confidence vs Competence According to the 2025 TD AI Insights Report , while a large majority of Canadians polled (87 per cent) say they are comfortable learning, using, and adapting to new technologies, there is a notable gap between confidence and actual AI proficiency. When asked to self-assess their AI skills, only three per cent gave themselves an 'A' grade. Forty per cent ranked themselves in the middle of the spectrum with a 'C,' while 21 per cent rated themselves an 'F' and 18 per cent a 'D.' However, when given a knowledge test, 72 per cent of Canadians passed, suggesting many possess a stronger understanding than they give themselves credit for. Moreover, younger Canadians, particularly Gen Alpha (44 per cent) and Gen Z (38 per cent) were most likely to be identified as the most knowledgeable generation when it comes to AI. Yet when it came to the knowledge test—such as recognizing AI's role in facial recognition technology—Millennials and Gen X outperformed them. AI Feels Unfamiliar but Still Considered Useful While 87 per cent of Canadians say they are comfortable using technology in general, there is room to improve with 40 per cent of Canadians admitting they are unfamiliar with AI. Younger generations, including Gen Z (83 per cent) and Millennials (71 per cent), are more likely to self-report they are more familiar with AI than do older generations, such as Gen X (61 ...

View stock analysis, news, and events for Toronto-dominion Bank