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Wildfires: Insurance costs across Canada expected to jump despite heroic firefighting efforts

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Heroic efforts to manage wildfires in the Northwest Territories and British Columbia have made a huge difference to residents and the economy.

“Firefighting efforts I guess have been successful – we’ve seen some muted numbers of the costs of these in terms of infrastructure and loss of property,” says Conference Board of Canada Chief Economist Pedro Antunes.

There is devastation, but analysts say it could have been much worse. This year’s wildfire season was about six times as intense as normal.

But households across the country will feel the bite of higher insurance costs related to this wildfire season.

Anne Gaviola has more.

For more info, please go to https://globalnews.ca/news/9910223/bc-brutal-wildfire-season-future-of-tourism/

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Category
U.S. & Canada
Tags
global news, Canada wildfires, Wildfires in Canada
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