The massive fire in the city of Fort McMurray, the heart of Canada’s oil sands region in Alberta, has caused widespread damage across the region with nearly 400 square miles torched and over 2,400 structures razed, resulting in the forced evacuation of nearly 100,000 people. The direct and indirect economic impacts of the raging wildfire are not yet fully known. This has resulted in major disruption of oil sands production with many companies scaling back their operations. We have prepared a preliminary analysis of the potential business impact.
Understand impacts on key economic areas such as:
You will even understand why we found 2,321 businesses in Fort McMurray had a worse than average financial outlook.