Canada wildfire a hard hit to economy, oil companies

Canada wildfire a hard hit to economy, oil companies Fort Mcmurray, Canada (AFP) May 10, 2016 - The wildfire raging in Canada is forcing a reduction in oil output at the worst possible time in a country where the energy sector accounts for 10 percent of GDP and thousands have lost their jobs due to low crude prices. With authorities warning the blaze could continue to burn for months in the absence of major rainfall, economists predict that growth would stagnate in the second quarter. ... more

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