Canada’s manufacturing sector, centred here in Southern Ontario, began to expand rapidly. Several factors helped this rise, including the development of technologies that raised productivity in agriculture, allowing workers to leave farms for new emerging jobs in cities. In the fledgling auto industry, Ford opened its first Canadian plant in Walkerville in 1904. In Oshawa, McLaughlin Carriage Company began making cars in 1907.
* * *  QUESTION 1. What is your view regarding the relevance of physical and transition risks associated with climate change for emerging and less developed economies? The world is exposed to risks that even though we know they could materialize, they are so infrequent that they are poorly understood, underappreciated and inadequately managed.