Fort McMurray: Bracing For Economic Impact (Video)

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Includes: BNO, DBO, DNO, DTO, DWTI, EWC, FCAN, HEWC, OIL, OLEM, OLO, QCAN, SCO, SZO, UCO, USL, USO, UWTI
by: TD Wealth

Summary

What is the impact of the fire on the economy?

Will the Bank of Canada step in?

Will rebuilding the city offset economic disruptions?

Why didn't oil markets move more when production shut down?

The massive forest fire in Fort McMurray has been devastating, causing thousands to flee and destroying 10% of the city's structures. While the personal toll is significant, Brian DePratto, Economist, TD Economics, explains the economic fallout from this natural catastrophe.