Fort McMurray fire has economists cutting growth forecasts for Canada - Business - CBC News
▻http://www.cbc.ca/news/business/fort-mcmurray-economists-1.3570061
“Most of the impact will be in the medium term, as Fort McMurray will need to be rebuilt, as it is the base for most of the oil sands operations in Alberta,” said St-Arnaud.
“The reconstruction efforts mean that resources in the construction sector in the region will likely be diverted toward that task rather than towards investment in the oil industry which could delay some projects and slow further the expansion in oil production.”
