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Extreme weather events take toll on Canada's economy: Expert

April 7, 2014 - 6:00am

Barbara Turley-McIntyre of the Co-operators insurance agency said the Alberta flood cost Canada's economy $4.8 billion Canadian ($4.35 billion) in economic losses, The Vancouver Sun reported.

The cost of clean-up amounted to $1.9 billion Canadian ($1.72 billion), and most of it was borne by the government.

Ms. Turley-McIntyre said the recent extreme weather events show that Canadians are vulnerable to the effects of global climate change.

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