Climate change to take big chunk of Canadian economy

Categories: Big picture
Published on: April 23, 2021

Globe and Mail / Bob Weber / 22 April 2021

Canada will be more than $100 billion poorer by 2050 if the world doesn’t work harder to fight climate change, says one of the world’s largest insurers.

That anticipated drop in GDP is much higher than the economic effect the COVID-19 pandemic is projected to have on the country’s gross domestic product, said Jerome Haegeli, chief economist for Swiss Re, a multinational corporation that insures insurance companies, large corporations and governments.

“That’s huge,” Haegeli said from Zurich on Thursday.

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