Natural Disaster In Canada (2024)

Abstract

This paper is a follow-up to our earlier study, Natural Disasters in Canada (2017). We analyze the Canadian Disaster Database (CDD) to examine the frequency and severity of various natural disasters over the past 120 years and to identify emerging trends. We generate annual loss distributions for individual disaster types, as well as an aggregate annual loss distribution across all event types. Our analysis provides evidence that Canada is experiencing warmer and wetter conditions and indicates a substantial likelihood of extreme national-level losses.