The timing of the formation of the Caribbean Single Market & Economy (CSME), coming as it does at the turn of the 21st century, is a time when our economies are now more exposed to the opportunities and pressures of economic and financial integration than ever before.
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.