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Wildfires in the Canadian Oil Sands Region Hurting Economy

June 10, 2023
in Trade Tube
Reading Time: 1 min read
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The Canadian Wildfires have expanded and now cover an area larger than New York City. Dry weather is expected, which would make the conditions worse. The wildfires and their impact on the oil sands region of Alberta could erase second quarter growth in Canada entirely. The Labor Department will issues it non-farm payroll report for April today. Economist forecast 200,000 new jobs last month and the unemployment rate to hold steady at 5%. The numbers could impact the Federal Reserve decision on monetary policy. The monthly reports could also begin to impact the November general elections. GoPro

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