Alberta Fires Worse for Canada Economy Than Katrina for U.S.

Updated on
  • Insured losses could reach C$9 billion, analysts say
  • Intact estimates losses between C$1 and C$1.20 per share

Canadian Oil Producers Spared a Hit From Wildfire

Intact Financial Corp. may post insured losses of as much as C$1.1 billion ($850 million) from the wildfires in Alberta, which could dent the Canadian economy harder than Hurricane Katrina hit the U.S.

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