Thursday, 26 May 2016

Wildfires in Alberta Will Hurt Economic Growth, Bank of Canada Says

NATIONAL
OBSERVER

The economy will be weaker than expected in the second quarter due to the Alberta wildfires, the Bank of Canada said Wednesday as it kept its key interest rate steady at 0.5 per cent. Story here.

2 comments:

PinP said...

And here I thought it was supposed to be the other way around! We've been told for years it will cost too much to do what is necessary to fight climate change. Now we are seeing what it looks like to pay the price of INACTION on that file. Chickens coming home to roost, I'd say!

PinP said...

In 2010, the President of the Canadian Chamber of Commerce, Perrin Beattie, warned of dire consequences for Canadian workers and their families because meeting emission targets would chase economic activity and jobs to other countries!