Calgary’s Flooding Bruises Oil Patch Economy: Corporate Canada

Record flooding near Calgary has left the downtown core of Canada’s oil capital empty while forcing three oil pipelines to close and causing as much as C$5 billion ($4.8 billion) in damage to homes and offices.

Companies including Cenovus Energy Inc. and Encana Corp. asked employees to work from home yesterday as power to the office towers in Canada’s fourth-largest city remained cut off for a fourth day. Most shops and restaurants that rely on office workers for business were closed.