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2024-03-24

The Weather Network - How Canada's widespread drought this winter may fuel the upcoming wildfire season

Canada's widespread drought may fuel the upcoming wildfire season :: Reader View

https://www.theweathernetwork.com/en/news/weather/forecasts/canadas-widespread-drought-may-fuel-the-upcoming-wildfire-season

Published on Mar. 23, 2024, 4:10 PM

This winter ended with widespread drought across Canada, a worse position than we saw ahead of last year's unprecedented wildfire season

How much drier has this winter been compared to last winter?

Meteorologist Rhythm Reet compares the moisture of winter in 2023 with this year's to give an idea of how the spring may shape up.

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The dry and historically warm winter we just experienced across Canada puts the country in a bad spot heading into wildfire season over the weeks and months ahead.

Canada's lengthy fire season heavily depends on patterns we see across the country during the winter and spring.

Canada Annual Area Burned Wildfires Through 2023

Widespread drought blanketed the country from British Columbia to Labrador as February drew to a close—even worse than we saw ahead of the unprecedented blazes that raged in 2023, which consumed 18.5 million hectares of land across the country.

Conditions through the remainder of spring will dictate just how favourable the environment will be to support the spark and spread of wildfires heading into the warm season.

Visit The Weather Network's wildfire hub to keep up with the latest on the wildfire season across Canada.

This winter was drier, hotter than last winter

When we're looking for clues about this year's upcoming wildfire season, it's helpful to compare this past winter to the winter of 2022-23 to pick out similarities and differences.

Canada Drought Monitor February 2023

RELATED: What we can learn from Canada's record wildfire season as a new one approaches

Below-normal precipitation has been the norm across Western Canada for the past couple of years. Last winter saw less rain and snow than average across much of British Columbia, Alberta, and Saskatchewan. Northern sections of these provinces were hardest-hit by the lack of winter precipitation.

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As a result of those warmer and drier patterns, we entered the spring of 2023 with widespread drought across the western half of the country. Moderate to severe drought covered much of the West Coast and the western Prairies, even stretching deep into the heart of the Northwest Territories.

How does that compare to this past winter?

Canada Winter 2023-2024 Temperature Anomaly

DON'T MISS: Warmest winter ever: Canada's record season reaches new heights

We just endured our warmest winter on record across Canada. Seasonal temperatures were far above average for nearly every square kilometre of the country, with the most unseasonable warmth targeting the northern and eastern Prairies, as well as northern sections of Ontario and Quebec.

That warmth had a significant impact on precipitation throughout the season.

Canada Winter Precip 2023-2024

Many communities across the country saw significantly below-seasonal precipitation totals this past winter. A significant factor was a relative lack of meaningful snows across much of the country.

Only a few spots managed to exceed their usual snowfall numbers through this point in the season, including Vancouver, Calgary, and Halifax. A healthy snowpack is important for keeping soils and vegetation saturated before spring's rains arrive.

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Subpar precipitation and persistently warm temperatures have done a number on the ground across the country. We ended this winter with much worse and more widespread drought than we saw at the same time last year.

Canada Drought Monitor February 2024

MUST SEE: Historic El Niño has weakened, but its impacts hang on

Drought conditions are entrenched from coast to coast, with nearly three-fourths of the country enduring abnormally dry conditions or full-blown drought.

The sheer nationwide extent and severity of the drought is concerning. Wide swaths of B.C., the Prairies, and northern Ontario have fallen into severe drought, with pockets of 'extreme' and 'exceptional'—the two worst categories on the Canadian Drought Monitor's monthly analysis—found throughout B.C., Alberta, and the Northwest Territories.

Spring could turn things around—or make conditions worse

Patterns are changing with the seasons, and there's an opportunity for springtime rain and snow to help reverse some of the thirst the ground incurred this past winter.

The Weather Network's spring forecast holds tough news for the hardest-hit areas across Western Canada.

Spring Forecast 2024 Precipitation Drivers

We're likely to see an active storm track deflected far to the north for much of the season, bringing below-seasonal precipitation to B.C. and Alberta as storms bypass the region.

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A similar situation may play out for Ontario and Quebec as prevailing patterns suggest that storms with beneficial rains will largely miss the region to the west and to the east, leaving below-seasonal precipitation for a significant swath of the two provinces.

Header image courtesy of NASA, showing wildfire smoke on May 15, 2023.

WATCH: A drier spring forecast raises concerns for droughts and wildfires

We're concerned about drought

A drier spring forecast raises concerns for droughts and wildfires

Warm spring weather brings a downside as the warmer temperatures melt away the snow pack built throughout the winter season causing flooding risks. But this year is different. Doug Gilham explains why.

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2024-03-22

HSBC Banking Canada Canadian Dollar GIC - 公開 posted GIC rates

Canadian Dollar GIC

Lock in your investment from 30 days to 5 years and earn a higher interest rate than a term deposit. In most cases, the longer you're invested, the higher the interest rate you earn with your Canadian GIC.

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If you're new to HSBC, please visit your nearest HSBC Branch.

 

Or call toll-free 1-888-310-4722

Is a Canadian Dollar GIC right for you?

A Canadian Dollar GIC may be an ideal investment option if you:

Features and benefits

  • Plan for the future
    You know what your returns will be over time, which makes retirement and investment planning easier.
  • Choose your payment interest option


Earn daily interest that is paid out depending on your term and size of investment 

A $500 minimum deposit is required for terms between 1 and 5 years. Interest options for these terms are:

  • 1-year terms: Interest paid semi-annually or at maturity22 View footnote 2
  • 2-5 year terms: Interest paid either semi-annually or annually
  • Compound interest option available on 1-5 year terms33 View footnote 3

A $500 minimum deposit is required for terms of less than 1 year. Interest options for these terms are:

  • 30-day and 60-day terms: Interest paid at maturity
  • 90-day to 270-day terms: Interest paid monthly or at maturity22 View footnote 2


Renew automatically44 View footnote 4





You can choose to have your principal or principal plus interest renewed at maturity. If you don't notify HSBC before your Canadian GIC matures, we will renew it automatically at the prevailing, posted rate (certain restrictions apply).

Protection for your deposits
HSBC Canadian Dollar GICs are eligible for CDIC insuranceCDIC insurance Learn more about CDIC insurance This link will open in a new window.

Check today's rates to see how fast your money can grow

Canadian Dollar GIC

Term Length

Monthly Interest 
(min. $500)

Semi-annual
Interest (min. $500)

Annual Interest 
(min. $500)

Annual Compound Interest (min. $500)

Interest at Maturity
(min. $500)

30 days--
-
-
2.50%
60 days-
-
-
-
2.60%
90 days2.75%
-
-
-
2.75%
120 days2.75%
-
-
-
2.75%
180 days3.25%
-
-
-
3.25%
270 days3.65%
-
-
-
3.65%
1 year4.10%
4.10%
4.10%
4.10%
4.10%
2 years4.05%
4.05%
4.05%
4.05%
-
3 years3.85%
3.85%
3.85%
3.85%
-
4 years3.85%
3.85%
3.85%
3.85%
-
5 years3.85%
3.85%
3.85%
3.85%
-

For non-compounded interest option, interest is calculated daily, non-compounded and paid at the interval as opted by you (which may be monthly, semi-annually, annually or at maturity). For compounded interest option, interest is calculated daily, compounded annually and paid at maturity. No early redemption.

Select Term Deposits and GICs booked through HSBC's Online Banking may be eligible for special pricing. Log on to Online Banking for more details.

Rates are subject to change without notice. For information and to confirm most recent rates, please contact any HSBC branch.

1 $500 minimum required

2 Based on simple interest, calculated daily.

3 Compound interest paid at maturity only.

4 You can opt into our automatic renewal option when purchasing your GIC. If you don't notify us before maturity, we will automatically re-invest your deposit (either the principal only or principal and any interest earned) at the interest rate applicable on the date of renewal, to help maximize the growth of your savings. Consult your HSBC branch regarding any eligibility and/or restrictions with setting up an automatic renewal option on your GIC.

We may make changes to the Agreement governing Term deposits (TD)/Guaranteed Investment Certificates (GIC) from time to time, to reflect changes or requirements of the law, new features, and/or changes in business practice. If we do, before the changes take effect we will tell you where the current terms and conditions can be found on our website.

Canadian Deposit Insurance Corporation 

Some HSBC accounts and deposit products up to certain dollar amounts are eligible for insurance under the Canada Deposit Insurance Corporation Act (CDIC). Learn more about CDIC and how CDIC Deposit Insurance works:

• Visit http://www.cdic.ca/http://www.cdic.ca/ View CDIC website This link will open in a new window




• Read "Protecting Your Deposits." Visit CDIC to download a copy.