Weather warning side companies like Weather Watch or Instant Weather. These side companies are not associated with the government in any way. Environment Canada defines a advisory as ""an alert to cover a wide array of deteriorating weather conditions,"" a watch as ""when conditions favour that severe weather forming"" and a warning as ""severe weather is actually occurring or is imminent."" . Additionally, Environment Canada breaks down weather alerts based upon the specific type of hazardous weather. These alerts are regionally issued throughout Canada and include, but are not limited to, winter storms, extreme temperature, ice, thunderstorms (including tornadoes), wind, tsunami, tropical
Weather risk management "Accounting for weather derivatives" provides guidance on accounting for weather derivatives that are not exchange–traded. Entities that enter into speculatives or trading non–exchange derivatives contracts should apply the intrinsic method. Weather risk management Weather risk management is a type of risk management done by organizations to address potential financial losses caused by unusual weather. Energy, agriculture, transportation, construction, municipalities, school districts, travel, food processors, retail sales and real estate are all examples of industries whose operations and profits can be significantly affected by the weather. For example, unusually mild winters diminish consumer demand for heating and erode the profit margins