Alberta Flooding Spreads as Water Subsides in Calgary
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Water levels in Calgary subsided and crews are working to restore power as officials confirmed a fourth fatality in the worst flood in Alberta’s history.
Insured losses to the province are forecast to be C$2.25 billion ($2.15 billion) to C$3.75 billion, Tom MacKinnon, a Bank of Montreal analyst, said today in a note. About 75,000 of Calgary’s 1.1 million residents were ordered to leave on June 20 after a foot (30 centimeters) of rain fell in two days.