Hydro One warned that it is monitoring for potential outages but that the response may be prolonged as it considers dispatching crews to investigate downed lines instead of restoring power remotely. National Bank, CIBC and TD confirmed they are accepting requests for payment deferrals from customers in affected areas, an option that has historically been offered to natural disaster evacuees. (The Logic)

Talking point: The fires are exposing economic vulnerabilities to climate shocks. Transport Canada is investigating reports that CN rail workers were forced to flee fires on foot. Accounting and consulting firm MNP warned in June that mining, energy, agriculture, utilities, governments, banks and insurers could all be impacted by catastrophe risk. Some investors are betting on technology to help manage some of the risks. NorthX invested $2.2 million earlier this year in three B.C.-based startups that track wildfire risks like lightning, utility line failures and aerial hotspots. CEO Sarah Goodman said it’s a sector that’s “underserved” by venture capitalists, but one that Canada should strive to lead. While tech isn’t a silver bullet, especially in a challenging industry, “we need more companies,” she said.

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