This is even more important given that high global leverage would amplify any global downturn, especially if it became a recession. It is reassuring that should a storm arrive, the Canadian economy and financial system are in a good position to weather it. 18 Insurance Bureau of Canada, 2019 Facts of the Property and Casualty Insurance Industry in Canada.
19 In 2018, Canadian asset managers had around $ trillion in assets being managed with explicit  environmental, social and governance criteria taken into account. 20 We also recognize it’s important to be a leader when it comes to our own operations. We’ve developed a multi-year strategy to reduce waste and start measuring—and shrinking—our own carbon footprint.