Natural disasters estimated to cost Canadians $5 billion per year by 2020.

There is evidence from around the world that natural catastrophes such as floods, storms, drought, heatwaves, fires, and earthquakes are on the rise. This is a serious issue for society, as these catastrophes can destroy homes, disrupt businesses, and take lives. According to TD Bank's Chief Economist, this increase in natural catastrophes is estimated to cost Canadians $5 billion per year by 2020, and $21-$43 billion per year by 2050. Source: TD Economics