The AI boom and debt wall—Global risks for Canada are hiding in plain sight
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0.286 · RIGHT
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0.143 · CENTER
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Article Excerpt
The AI boom and debt wall—Global risks for Canada are hiding in plain sight
ANALYSIS
8 JULY 2026
i
ARTICLE
SUMMARY
KEY STATS
I’m a policy economist, not a bond trader, but even from where I sit, the pattern is hard to miss. Within days of each other, the Bank of Canada and the Bank for International Settlements (BIS) recently flagged the same two global risks: an artificial intelligence boom increasingly financed with debt, and a wall of government borrowing the world is straining to absorb. The OECD had already detailed some of these risks earlier this year.
Macklem’s warnings: global imbal…
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