In an article published by Insurance Business Canada, CNA’s Rachel Firestone discusses the volatile market and period of rapid change faced by asset managers and the subsequent challenges as a result.

Asset management in Canada is in a period of rapid change due to macro economic developments like rising interest rates and inflation, the fallout from the COVID-19 pandemic, shifting investor preferences, regulatory developments and advancing financial technologies companies and cryptocurrencies. 

In 2021, Canadians saw the highest rate of inflation since 1991, as the market contended with the COVID-19 pandemic, supply chain disruptions, volatile energy prices, rising housing costs, and more frequent and severe weather events. 

For more information and personal insights, read the full feature: ‘Asset managers face myriad of disruptive forces and regulations’ published in Insurance Business Canada.