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Local store fronts are under water in downtown High River, Alta.
Local store fronts are under water in downtown High River, Alta.
(Chris Bolin For The Globe and Mail)

Technology helped business deals survive Alberta's floods

More than five million work hours were wiped out during the June floods that devastated parts of Southern Alberta, according to Statistics Canada figures.

But thanks to the advantages of modern technology, those economic losses didn’t hurt merger and acquisition activity too much.

The flooding had “little or no impact” on deal-making, said Nicolas Marcoux, national deals leader at PricewaterhouseCoopers. “We closed on deals from remote.”