Earth Changes
Sirens sounded throughout the city around 1300 local time on Wednesday (1800 GMT), alerting residents of an impending deadline to evacuate.
Heavy rainfall has bloated the river, which flows down from Canada.
Meanwhile, an oil boom in the state has left few hotel vacancies available for flood refugees, local officials said.
The Souris River is expected to hit nearly 1,563ft (476m) above sea level this weekend, topping the previous flood record set in 1881.
Unnamed officials have been quoted as saying continuing earthquake activity around Canterbury, indicating a volcanic eruption is brewing, has been "hushed up".
Others say the water in Lyttelton Harbour has heated up as a consequence of volcanic activity, and in some parts the water is already too hot to touch.
Some of the country's top earthquake and volcano experts are now determined to quash the gossip before it scares even more people.
Natural Hazards Research Platform manager Kelvin Berryman, of GNS Science, said a Banks Peninsula eruption was "just not possible".
"There's no truth to this. There's no reason for it. We have said time and time again this is not possible," he said.
Seismic activity has declined, with two tremors of a magnitude of around 2.5 recorded every hour on Tuesday, compared with several hundred of a magnitude of four or five in the hours preceding the initial June 4 eruption.
But Chile's National Service of Geology and Mining (SERNAGEOMIN), which monitors volcanic activity, said the volcano had to be kept on red alert because of the possibility of another explosion.
Geologists said a "cork" of lava, which emerged on Tuesday and was blocking even more lava from spewing forth, had the potential to create a huge build-up in pressure.
If this continues, "an explosive event remains possible because the path the lava is taking is obstructed, or because the eruption dynamic has changed," said SERNAGEOMIN director Enrique Valdivieso.

This extraordinary photograph captures the incredible moments a 'supercell' storm reared up against a backdrop of lightning
Mike Hollingshead took this snap in Nebraska, USA.
The storm chaser, 35, said: "I've seen some cool storms but this one takes the cake."

Windstorm in Staré Čivice destroyed the roof of ten to fifteen houses.
Pardubice - Tuesday's tornado not only struck Staré Čívice in Pardubice, but also other communities in the vicinity of Pardubice.
People reported damaged roofs in Staré Jesenčany, Mikulovice, and Blata a Hroubovice said the deputy of county firefighters.
Possibly multiple tornadoes rampaged through Pardubice, but meteorologists are still investigating whether in some cases these were so-called 'landspouts'.
The tornado caused most damage in an industrial zone in Staré Čívice, where it damaged the buildings of two businesses, leaving costs in damages running into tens of millions of crowns.
Sirens are blaring at this moment in Minot, N.D., as the overflowing Souris River floods over the top of local levees five hours before the evacuation deadline for 11,000 residents. Farther south, the overflowing Missouri River has put two nuclear power plants at risk, necessitated evacuations and produced a travel nightmare as interstate highways shut down.
Minot, North Dakota - Driving away with what they could fit in their vehicles, thousands of Minot residents left their homes on Wednesday amid blaring sirens and floodwater that overtopped or seeped through some levees.
Steve and Michelle Benjamin were among the nearly 12,000 ordered out. Before they fled, however, they hauled an entertainment center, desk chairs and bicycles over an emergency levee to a trailered pickup truck. It was the last of nearly a dozen loads.
Michelle Benjamin, 46, stood on the deck along the rising Souris River, watching water trickle over the dike.
"Oh my God," she said as she fought back tears. "It's not easy starting over at this age."
The Japanese Meteorological Agency warned that a tsunami about one-half meter (20 inches) could follow, CNN is reporting.
The quake struck in many of the same areas that were hit hard by the March earthquake and tsunami that left more than 23,000 dead or missing in Japan, AFP reports.
There were no immediate reports of damage or injuries, according to CNN.
City officials had moved up the evacuation deadline before the early afternoon breach, the Minot Daily News reported. About 11,000 people living in low-lying neighborhoods who had been told they could remain in their homes until 10 p.m. were urged to grab their valuables and leave.
Local officials posted a notice on the city Web site and emergency workers knocked on doors, The New York Times said.
"They are virtually certain that the levee system is going to be overtopped and there's nothing they can do about it," Pat Slattery of the National Weather Service said.
Geologists have long puzzled over anecdotal reports of strange atmospheric phenomena in the days before big earthquakes. But good data to back up these stories has been hard to come by.
In recent years, however, various teams have set up atmospheric monitoring stations in earthquake zones and a number of satellites are capable of sending back data about the state of the upper atmosphere and the ionosphere during an earthquake.
Last year, we looked at some fascinating data from the DEMETER spacecraft showing a significant increase in ultra-low frequency radio signals before the magnitude 7 Haiti earthquake in January 2010
Today, Dimitar Ouzounov at the NASA Goddard Space Flight Centre in Maryland and a few buddies present the data from the Great Tohoku earthquake which devastated Japan on 11 March. Their results, although preliminary, are eye-opening.
They say that before the M9 earthquake, the total electron content of the ionosphere increased dramatically over the epicentre, reaching a maximum three days before the quake struck.










Comment: The idea of solar activity leading to earthquakes as set forth by Mitch Battros is not crazy. In fact, we've noted similar ideas here on SOTT:
Cyclones, Earthquakes, Volcanoes And Other Electrical Phenomena