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Thousands flee Canadian city as forest fire spreads

News out on Reuters that the Canadian city of Fort McMurray is in evacuation mode 4 May

80,000 people in Fort McMurray have been issued with a mandatory evacuation order and there is now an estimated 44,000 people on the road with 8000 already at a nearby evacuation centre.

The city , in the province of Alberta, is in the heart of the oil sands region and dry winds forecast for today are feared to potentially fuel the blaze.

This is the second major fire around the city in less than a year. Last May, wildfires in the area led to the evacuation of hundreds of workers from Canada's energy heartland, leading to a 9 percent cut in Alberta's oil sands output at the time.

Chief Darby Allen of Fort McMurray's fire dept says:

"Right now we have a fire burning within the city. It is impacting communities as we speak and homes are on fire."

Alberta is much drier than normal for this time of year and Premier Rachel Notley said oil sand production is unaffected as yet adding:

"There are no known casualties but this is the biggest evacuation we have seen in the history of the province"

No negative impact on the CAD as yet but one to keep in mind. Let's hope first and foremost though that the situation there doesn't escalate further.

USDCAD 1.2714 in tight range after yesterday's rapid rally.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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