Extreme weather hit profits at over half of Canadian businesses: survey

A new survey of business leaders finds the vast majority are concerned that climate change will hit their operations this year while more than half report that it's already affected profits.

Davé said companies are starting to treat climate risks like other enterprise risks, but that most are just starting to grapple with the implications.Companies are having to figure out what kind of direct hits they will feel to extreme weather events, and the implications climate change might have for their business model.

Along with insurance, there's also shifting policy and other implications for business, making it all the more important they prepare now with climate risk assessments and other measures, said Davé.From lifestyle changes to climate change, why some Canadians are delaying having children U.S. President Joe Biden is trying to shore up support among disenchanted voters key to his reelection chances as he meets Wednesday with members of a Latino civil rights organization in the battleground state of Nevada.Initial autopsy results showed traces of cyanide in the blood of six Vietnamese and American guests at a central Bangkok luxury hotel and one of them is believed to have poisoned the others over a bad investment, Thai authorities said Wednesday.

Country music artist Ingrid Andress says she was intoxicated during her much-criticized performance of the national anthem on Monday at the 2024 MLB Home Run Derby and will be seeking treatment. Toronto traffic has reached the point of a congestion crisis, according to the Toronto Region Board of Trade, whose new numbers warn of a significant impact on the city’s economy.Police north of Toronto have released dramatic video of a car chase that led officers across York Region in pursuit of a Lamborghini SUV that was clocked at speeds in excess of 200 km/h.

The Don Valley Parkway and Gardiner Expressway have reopened this morning following record-breaking rainfall in Toronto on Tuesday that caused widespread flooding.As people in southern Ontario survey the damage done by intense flash flooding on Tuesday, the Insurance Bureau of Canada says residents need to figure out what their policies cover.Prime Minister Justin Trudeau is set to visit a transit facility with Toronto Mayor Olivia Chow and Deputy Prime Minister Chrystia Freeland today.

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Extreme weather hit profits at over half of Canadian businesses: surveyTORONTO — A new survey of business leaders finds the vast majority are concerned that climate change will hit their operations this year while more than half report that it's already affected profits.
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