DISASTER RISK SENDAI FRAMEWORK COUNTRIES & REGIONS THEMES HAZARDS RESOURCES
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Canada

Canada not prepared to deal with financial impact of a major earthquake

22 Nov 2016, Conference Board of Canada

A massive earthquake off the coast of British Columbia has the potential to cause widespread failure among insurance companies and the financial sector, according to a new report that analyzed the ability of the Canadian economy to deal with earthquake risk. However, the government can play a role in mitigating these potential economic and fiscal costs.



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