Flooding in Alberta

flooding in Alberta: The numbers weren't as bad as advertised, however, according to Huffington Post. It could have been worse, but economists said the spillover shocks from flooding in Alberta and the Quebec strike turned out to be less severe than anticipated and OTTAWA - The economy swooned in June as the twin shocks of damaging floods in Alberta and a construction strike in Quebec led to the biggest monthly output retreat since the recession, and dragged down quarterly growth to an unimpressive 1.7 per cent. June's fall was limited to 0.5 per cent still the worst result since March 2009 and the quarter's growth were better than the Bank of Canada's gloomy prediction for one per cent. As well, Statistics Canada downgraded its early reading for first-quarter growth from 2.5 to 2.2 per cent. (www.immigrantscanada.com). As reported in the news.