The increased value of Canada's natural resource endowments is showing up in higher domestic stock market prices and increased cross-border investment flows. It has also been a major factor supporting robust consumption and investment growth in Canada. And of course it's showing up in a higher Canadian dollar.
The transfer of weather risk away from these farmers to the international insurance markets strengthens the resilience of farmers and agricultural businesses to weather impacts. It provides additional – and important – security which also supports our Kenyan economy. A great benefit for the development of micro insurance is the deepening of penetration per capita.