Saguenay flood cost $1 billion

Nearly seven years after the Saguenay flood, the total cost of the damage is finally known.

Nearly seven years after the Saguenay flood, the total cost of the damage is finally known.

Figures from Quebec's statistics institute reveal the natural disaster cost one $1 billion.

During the flood in 1996, 16,000 people were evacuated, and nearly 2,000 homes were damaged, or destroyed.